Corporate India -20 Years hence Presented by: Bharat Jhalani July 2008
Intro For most of its post-independence history, India adhered to a socialist approach with strict government control over private sector participation, foreign trade, and foreign direct investment. However, since 1991, India has gradually opened up its markets through economic reforms and reduced government controls on foreign trade and investment. Foreign exchange reserves have risen from US$5.8 billion in March 1991 to US$300 billion in March, 2008, while federal and state budget deficits have decreased.
Intro With a GDP growth rate of 9.4% in 2006-07, the economy is among the fastest growing in the world. India's GDP in terms of USD exchange-rate is US$1.089 trillion. When measured in terms of purchasing power parity (PPP), India has the world's fourth largest GDP at US$4.726 trillion. India's per capita income (nominal) is US$977, while its per capita (PPP) is US$2700.
Indian telecommunication Industry is one of the fastest growing telecom market in the world. The mobile sector has grown from around 10 million subscribers in 2002 to reach 150 million by early 2007 registering an average growth of over 90% yoy .
Estimated to grow to 500 million at the end of 2010.
India shares with other nations the desire for affordable energy to fuel its economic growth without harming the environment. Achieving this, will require technological ingenuity, pathways that minimize economic costs and political determination.
India would have to consider new projects for linking electricity grids, building gas pipelines, promoting regional hydroelectric stations, stockpiling oil on a cooperative basis and pursuing nuclear energy options.
India has about 13 percent of the world's arable land, receives 4% of the world's annual fresh water supply through rainfall each year, is blessed with twelve major river basins, enjoys good sunshine, has a wide range of agro climatic conditions ard has a large number of scientific and technological resources devoted to this sector.
India has 400 million acres of irrigated land and 75 million acres of wasteland at its disposal.
We must promote plant metabolic engineering research, privatize the irrigation sector, build rural roads on an unprecedented scale and on a priority basis, and create a national cold chain infrastructure.