• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
License permit raj

License permit raj



License permit raj - Unitedworld School of Business

License permit raj - Unitedworld School of Business



Total Views
Views on SlideShare
Embed Views



0 Embeds 0

No embeds


Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
Post Comment
Edit your comment

    License permit raj License permit raj Presentation Transcript

    • THE LICENCE-PERMIT RAJ 1947 - 1990
    •  A term used to describe regulation of the private sector in India between 1947 and the early 1990s.  One needed the approval of numerous agencies in order to set up a business legally.  Result of a mixed economy that used a govt. planning commission established after independence.  The license raj was largely successful in the 1950s and after, but eventually lead to low rates of growth and investment.  India began to liberalize its economy in the 1980s ending the license raj.
    • Scenario  Political relations played as an effective factor in expansion  More Expansion in abroad as compared to India  Growing governmental intervention in the economy
    • Low enterprise creation  New enterprises founded during License-Permit Raj  Much fewer enterprise were launched than Nehru era.  Example- Nirma Group, Hinduja Brothers
    • Structural-Strategic Postures  Lack of significant development in structure and strategy  Business leaders were depended more on intuition and gut feeling than knowledge based understanding of the situation  Invested more in foreign collaboration than R&D and quality
    • The FERA, 1973  Intended to restrict the inflow of foreign capital into the country  MNCs were required to dilute their holdings to 40% in their Indian subsidiaries
    • Public sector  Huge increase in PSU than Nehru era.  Further expansion in acquiring private firms.  Lack of requisite autonomy and constant interference by the Ministries.  Limited success.  Creating employment opportunities for the sectors neglected by private firms.  Leads to losing the elan of License-Permit raj.
    • Video  The License-Permit Raj
    • Campus Overview 907/A Uvarshad, Gandhinag ar Highway, Ahmedabad – 382422. Ahmedabad Kolkata Infinity Benchmark, 10th Floor, Plot G1, Block EP & GP, Sector V, Salt-Lake, Kolkata – 700091. Mumbai Goldline Business Centre Linkway Estate, Next to Chincholi Fire Brigade, Malad (West), Mumbai – 400 064.
    • Thank You