From The Spinning Wheel To The Fiber Optic Wire

From the spinning wheel to the fiber optic wire Kelsey Z.

Postcolonial period ,[object Object],[object Object],[object Object],[object Object],[object Object]

Mahatma Gandhi ,[object Object],[object Object],[object Object],[object Object],[object Object]

Jawaharlal Nehru ,[object Object],[object Object],[object Object]

Strong Government Laws discouraging foreign trade Antimonopoly rules High income taxes Laws granting lavish jobs Stock Market run by government License Raj Political corruption

Rajiv Gandhi (1985) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Jawaharlal Nehru Indira Nehru Gandhi Feroze Gandhi Rajiv Gandhi

Economy at its worst ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],X DEBT X OIL PRICES SPIKED X LOSS OF TRADE X EXTREME POVERTY 17% Mill in poverty 100 Inflation 330 Mill Bellow Poverty line foreign exchange reserves fallen to levels that would pay for 2 weeks worth of oil OIL

Change in Power ,[object Object],[object Object],[object Object],[object Object]

Economic reforms ,[object Object],[object Object],Week of Reform:

[object Object],[object Object],[object Object],Companies in certain industries can be 100% owned by foreigners ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Dramatic Effect Economy grew faster than it had in decades More jobs Inflation dropped Debt paid Foreign exchange reserves built back up Economic incentives

India today ,[object Object],[object Object],[object Object],[object Object]

India Vs. China Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“… It will never have speed, but will always have stamina” “ We are the fastest-growing free-market democracy in the world” “ China is winning the sprint and, we are going to win the marathon”

Works Cited Meredith, Robyn. The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us. New York: W.W. Norton & Company, Inc., 2008.

From The Spinning Wheel To The Fiber Optic Wire

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