SlideShare a Scribd company logo
1 of 20
Download to read offline
ECONOMIC ROLE OF
GOVERNMENT
IN
INDIAN BUSINESS
ECONOMIC ROLE OF
GOVERNMENT
IN
INDIAN BUSINESS
George V James
INTRODUCTION
 Economic role is basically concerned with the
economic development of the nation by framing
rules and regulations.
 Government always plays a very important role
in the development of the economy.
 In capitalist countries, government participation
was increased after the Great Economic
Depression in the 1930’s.
 The most important roles of any Government
are Stability & Growth.
 Economic role is basically concerned with the
economic development of the nation by framing
rules and regulations.
 Government always plays a very important role
in the development of the economy.
 In capitalist countries, government participation
was increased after the Great Economic
Depression in the 1930’s.
 The most important roles of any Government
are Stability & Growth.
FACTORS DETERMINING THE NATURE OF ROLE OF
GOVERNMENT
 Nature & stage of development of the
economy.
 Behaviour of private sector.
 Political Philosophy.
 Social Attitudes.
 Administrative Systems, etc
 Nature & stage of development of the
economy.
 Behaviour of private sector.
 Political Philosophy.
 Social Attitudes.
 Administrative Systems, etc
ROLE OF GOVERNMENT
GOVERNMENT
REGULATIONREGULATION
PROMOTION ENTREPRENUERSHIPPROMOTION ENTREPRENUERSHIP
BUSINESS/ECONOMY
GOVERNMENT’S ROLE AS REGULATOR OF
BUSINESS
Ensure the private investment and production in
the industry meets the socio-economic objectives
of the government.
Ensure the efficient use of resources and prevent
exploitation.
Restraints on private activities.
Control of monopoly & big business.
Development of public enterprises as an
alternative to private enterprises to ensure
competitive dualism.
Maintenance of a proper socio-economic
infrastructure.
Ensure the private investment and production in
the industry meets the socio-economic objectives
of the government.
Ensure the efficient use of resources and prevent
exploitation.
Restraints on private activities.
Control of monopoly & big business.
Development of public enterprises as an
alternative to private enterprises to ensure
competitive dualism.
Maintenance of a proper socio-economic
infrastructure.
GOVERNMENT’S ROLE AS PROMOTER OF
BUSINESS
Providing finance to the industry.(through
developmental banks etc.)
Granting incentives.
Creating infrastructural facilities for industrial
growth & investment.
Promoting development in No Industry Districts
Establishing District Industrial Centres for
assisting the development of small industries.
Providing finance to the industry.(through
developmental banks etc.)
Granting incentives.
Creating infrastructural facilities for industrial
growth & investment.
Promoting development in No Industry Districts
Establishing District Industrial Centres for
assisting the development of small industries.
GOVERNMENT’S ROLE AS AN ENTREPRENUER IN
BUSINESS
 Mainly concerned with growth & development
of public industries.
 Has earned the name of a “SOCIAL
ENTREPRENUER”
 BSNL can be a best example for the above
stated term.
 Mainly concerned with growth & development
of public industries.
 Has earned the name of a “SOCIAL
ENTREPRENUER”
 BSNL can be a best example for the above
stated term.
GOVERNMENT’S ROLE AS A PLANNER IN
BUSINESS
 Indicating priorities through the Five Year Plans
for the sectoral allocation of resources.
 Ensuring the equal distribution of scare
resources to all the sectors in order to avoid
clashes.
 Indicating priorities through the Five Year Plans
for the sectoral allocation of resources.
 Ensuring the equal distribution of scare
resources to all the sectors in order to avoid
clashes.
GOVERNMENT’S ROLE
REDEFINED
 POVERTY
 UNEMPLOYMENT
 INRASTRUCTURAL FACILITIES
 POVERTY
 UNEMPLOYMENT
 INRASTRUCTURAL FACILITIES
POVERTY IN INDIA
CONT.
 India is said to have a 3rd of the world’s poor.
 37% of Indian Population is below the poverty
line.(BPL)
 Kalahandi, Bolangir & Koraputh( Known as KBK
Districts in Odisha) are the most poverty affected
areas.
 Kerala stands last in the poverty line.(We can be
proud of that)
 Some reasons of poverty are:-
1. High Population Growth
2. Caste System
3. India’s economic policies
4. Liberalization and its effects
 India is said to have a 3rd of the world’s poor.
 37% of Indian Population is below the poverty
line.(BPL)
 Kalahandi, Bolangir & Koraputh( Known as KBK
Districts in Odisha) are the most poverty affected
areas.
 Kerala stands last in the poverty line.(We can be
proud of that)
 Some reasons of poverty are:-
1. High Population Growth
2. Caste System
3. India’s economic policies
4. Liberalization and its effects
CONT.
REDUCING POVERTY
 Employment opportunities
 Agricultural Development
 Primary Education & Good Infrastructural
Facilities
 Poverty alleviation programs like National Rural
Employment Program, Rural Landless
Employment Guarantee Program, Jawahar
Rojgar Yojna etc
REDUCING POVERTY
 Employment opportunities
 Agricultural Development
 Primary Education & Good Infrastructural
Facilities
 Poverty alleviation programs like National Rural
Employment Program, Rural Landless
Employment Guarantee Program, Jawahar
Rojgar Yojna etc
UNEMPLOYMENT
CONT.
 There are more than 6 crore well educated
youth in India who are unemployed.
 Reasons for Unemployment:-
1.Rapid Population Growth
2. Defective Education System
3. Limited Land
4. Seasonal Agricultural
5. Outdated Agricultural Methods
6. Inadequate Employment Planning
 There are more than 6 crore well educated
youth in India who are unemployed.
 Reasons for Unemployment:-
1.Rapid Population Growth
2. Defective Education System
3. Limited Land
4. Seasonal Agricultural
5. Outdated Agricultural Methods
6. Inadequate Employment Planning
CONT.
Strategies undertaken by Government to reduce
Unemployment in India
 Heavy Investment in Basic Industries.
 Development of Cottage & Small-scale Industries.
 Change in Educational System.
 Checking of Population Explosion.
 Modernization of Agriculture.
 Introduction of Rural Works Programmes.
 Developing Infrastructure.
 Subsidies to Private Sector.
 Stress on Self-employment.
Strategies undertaken by Government to reduce
Unemployment in India
 Heavy Investment in Basic Industries.
 Development of Cottage & Small-scale Industries.
 Change in Educational System.
 Checking of Population Explosion.
 Modernization of Agriculture.
 Introduction of Rural Works Programmes.
 Developing Infrastructure.
 Subsidies to Private Sector.
 Stress on Self-employment.
INFRASTRUCTURAL
DEVELOPMENT
CONT.
Infrastructure can be divided into 2 types:-
 Economic Infrastructure
 Social Infrastructure
examples:-
Bharat Nirman,
BOT Scheme.
Infrastructure can be divided into 2 types:-
 Economic Infrastructure
 Social Infrastructure
examples:-
Bharat Nirman,
BOT Scheme.
CONCLUSION
 The main role which should be played by the
government is to do things which is not
presently done by any another bodies.
 Develop the country with efficient private
participation.
 Not just making reforms, but implementing it.
 Finally protect investors and take up efficient
taxation policy.
 The main role which should be played by the
government is to do things which is not
presently done by any another bodies.
 Develop the country with efficient private
participation.
 Not just making reforms, but implementing it.
 Finally protect investors and take up efficient
taxation policy.
REFERENCES
 Business Environment & Policy
 Wikipedia.com
 Preservearticles.com
 Planningcommission.nic.in
 Business Environment & Policy
 Wikipedia.com
 Preservearticles.com
 Planningcommission.nic.in
Economic role of government in Indian Business

More Related Content

What's hot

Drivers of CSR in India
Drivers of CSR in IndiaDrivers of CSR in India
Drivers of CSR in IndiaPrachi Singla
 
FEMA-Foreign Exchange Management Act
FEMA-Foreign Exchange Management ActFEMA-Foreign Exchange Management Act
FEMA-Foreign Exchange Management ActVignesh Sreenivasan
 
The cadbury committee report on corporate governance
The cadbury committee report on corporate governanceThe cadbury committee report on corporate governance
The cadbury committee report on corporate governanceKalhari Hettiarachchi
 
WTO & it's impact in India
WTO & it's impact in IndiaWTO & it's impact in India
WTO & it's impact in IndiaShubhanshu Gupta
 
Techniques of Strategic Evaluation & Strategic
Techniques of Strategic Evaluation & Strategic Techniques of Strategic Evaluation & Strategic
Techniques of Strategic Evaluation & Strategic Manik Kudyar
 
The concept of export promotion
The concept of export promotionThe concept of export promotion
The concept of export promotionBinty Agarwal
 
Role of government in business environment
Role of government in business environmentRole of government in business environment
Role of government in business environmentDrAnurag Saxena
 
Sebi guidelines for merchant bankers
Sebi guidelines for merchant bankersSebi guidelines for merchant bankers
Sebi guidelines for merchant bankersSHAMEEM ET
 
Techniques of strategic evaluation and control
Techniques of strategic evaluation and controlTechniques of strategic evaluation and control
Techniques of strategic evaluation and controlNidhinaThottuvayalil
 
Role of Managerial Economics in Decision Making
Role of Managerial Economics in Decision Making Role of Managerial Economics in Decision Making
Role of Managerial Economics in Decision Making RichardAtusayeNgosi
 
Corporate Governance Committee
Corporate Governance CommitteeCorporate Governance Committee
Corporate Governance CommitteeGaurav Asthana
 
International Business Environment
International Business EnvironmentInternational Business Environment
International Business EnvironmentVisakhapatnam
 

What's hot (20)

Drivers of CSR in India
Drivers of CSR in IndiaDrivers of CSR in India
Drivers of CSR in India
 
FEMA-Foreign Exchange Management Act
FEMA-Foreign Exchange Management ActFEMA-Foreign Exchange Management Act
FEMA-Foreign Exchange Management Act
 
The cadbury committee report on corporate governance
The cadbury committee report on corporate governanceThe cadbury committee report on corporate governance
The cadbury committee report on corporate governance
 
Fera and fema
Fera and femaFera and fema
Fera and fema
 
Role of MSME in Indian Economy
Role of MSME in Indian EconomyRole of MSME in Indian Economy
Role of MSME in Indian Economy
 
WTO & it's impact in India
WTO & it's impact in IndiaWTO & it's impact in India
WTO & it's impact in India
 
Fema 1999
Fema 1999Fema 1999
Fema 1999
 
Techniques of Strategic Evaluation & Strategic
Techniques of Strategic Evaluation & Strategic Techniques of Strategic Evaluation & Strategic
Techniques of Strategic Evaluation & Strategic
 
Industrial Sickness - Meaning and Causes
Industrial Sickness - Meaning and CausesIndustrial Sickness - Meaning and Causes
Industrial Sickness - Meaning and Causes
 
Foreign exchange management act (FEMA), 1999
Foreign exchange management act (FEMA), 1999Foreign exchange management act (FEMA), 1999
Foreign exchange management act (FEMA), 1999
 
The concept of export promotion
The concept of export promotionThe concept of export promotion
The concept of export promotion
 
Evolution growth of services sector
Evolution growth of services sector Evolution growth of services sector
Evolution growth of services sector
 
Role of government in business environment
Role of government in business environmentRole of government in business environment
Role of government in business environment
 
Economic reforms in india
Economic reforms in indiaEconomic reforms in india
Economic reforms in india
 
Sebi guidelines for merchant bankers
Sebi guidelines for merchant bankersSebi guidelines for merchant bankers
Sebi guidelines for merchant bankers
 
Techniques of strategic evaluation and control
Techniques of strategic evaluation and controlTechniques of strategic evaluation and control
Techniques of strategic evaluation and control
 
Role of Managerial Economics in Decision Making
Role of Managerial Economics in Decision Making Role of Managerial Economics in Decision Making
Role of Managerial Economics in Decision Making
 
Corporate Governance Committee
Corporate Governance CommitteeCorporate Governance Committee
Corporate Governance Committee
 
International Business Environment
International Business EnvironmentInternational Business Environment
International Business Environment
 
Ge9 final ppt
Ge9 final pptGe9 final ppt
Ge9 final ppt
 

Similar to Economic role of government in Indian Business

Business environment ppt on role of government
Business environment ppt on role of governmentBusiness environment ppt on role of government
Business environment ppt on role of governmentChakreshBhawsar
 
Reality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyReality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyRHIMRJ Journal
 
Growth of Micro, Small and Medium Enterprises in Manipur
Growth of Micro, Small and Medium Enterprises in ManipurGrowth of Micro, Small and Medium Enterprises in Manipur
Growth of Micro, Small and Medium Enterprises in Manipurinventionjournals
 
Sectors of indian economy
Sectors of indian economySectors of indian economy
Sectors of indian economyrahul kumar
 
John Madayese- 2016 Essay Contest for Undergraduates
John Madayese- 2016 Essay Contest for UndergraduatesJohn Madayese- 2016 Essay Contest for Undergraduates
John Madayese- 2016 Essay Contest for UndergraduatesJohn Oluwashola Madayese
 
indian economy
indian economyindian economy
indian economytahaamir4
 
Public Sector Enterprises And Disinvestment In India
Public Sector Enterprises And Disinvestment In India Public Sector Enterprises And Disinvestment In India
Public Sector Enterprises And Disinvestment In India Raj Kunwar Jaiswal
 
MEASURES OF UNEMPLOYMENT
MEASURES OF UNEMPLOYMENTMEASURES OF UNEMPLOYMENT
MEASURES OF UNEMPLOYMENTVaibhav Sinha
 
India legal 16 march 2020
India legal 16 march 2020India legal 16 march 2020
India legal 16 march 2020ENC
 
Challenges in achieving inclusive growth – a study in doddaballapura taluk
Challenges in achieving inclusive growth – a study in doddaballapura talukChallenges in achieving inclusive growth – a study in doddaballapura taluk
Challenges in achieving inclusive growth – a study in doddaballapura talukSreekanth Konka
 
india will be the next economic superpower
india will be the next economic superpowerindia will be the next economic superpower
india will be the next economic superpowerEpsa Kaithwar
 
Demographic profile of INDIA - Opportunity or Threat
Demographic profile of INDIA - Opportunity or ThreatDemographic profile of INDIA - Opportunity or Threat
Demographic profile of INDIA - Opportunity or ThreatVijeth Karthik
 

Similar to Economic role of government in Indian Business (20)

Business environment ppt on role of government
Business environment ppt on role of governmentBusiness environment ppt on role of government
Business environment ppt on role of government
 
Reality and Potential of the Indian Economy
Reality and Potential of the Indian EconomyReality and Potential of the Indian Economy
Reality and Potential of the Indian Economy
 
Public Sector Undertaking
Public Sector Undertaking Public Sector Undertaking
Public Sector Undertaking
 
pptx_20230430_180209_0000.pptx
pptx_20230430_180209_0000.pptxpptx_20230430_180209_0000.pptx
pptx_20230430_180209_0000.pptx
 
Growth of Micro, Small and Medium Enterprises in Manipur
Growth of Micro, Small and Medium Enterprises in ManipurGrowth of Micro, Small and Medium Enterprises in Manipur
Growth of Micro, Small and Medium Enterprises in Manipur
 
Sectors of indian economy
Sectors of indian economySectors of indian economy
Sectors of indian economy
 
Economy Of India
Economy Of IndiaEconomy Of India
Economy Of India
 
John Madayese- 2016 Essay Contest for Undergraduates
John Madayese- 2016 Essay Contest for UndergraduatesJohn Madayese- 2016 Essay Contest for Undergraduates
John Madayese- 2016 Essay Contest for Undergraduates
 
Presentation1
Presentation1Presentation1
Presentation1
 
BIGEYIE
BIGEYIEBIGEYIE
BIGEYIE
 
indian economy
indian economyindian economy
indian economy
 
Public Sector Enterprises And Disinvestment In India
Public Sector Enterprises And Disinvestment In India Public Sector Enterprises And Disinvestment In India
Public Sector Enterprises And Disinvestment In India
 
MEASURES OF UNEMPLOYMENT
MEASURES OF UNEMPLOYMENTMEASURES OF UNEMPLOYMENT
MEASURES OF UNEMPLOYMENT
 
vicious circle of poverty
vicious circle of povertyvicious circle of poverty
vicious circle of poverty
 
India legal 16 march 2020
India legal 16 march 2020India legal 16 march 2020
India legal 16 march 2020
 
Concepts bep
Concepts bepConcepts bep
Concepts bep
 
Challenges in achieving inclusive growth – a study in doddaballapura taluk
Challenges in achieving inclusive growth – a study in doddaballapura talukChallenges in achieving inclusive growth – a study in doddaballapura taluk
Challenges in achieving inclusive growth – a study in doddaballapura taluk
 
india will be the next economic superpower
india will be the next economic superpowerindia will be the next economic superpower
india will be the next economic superpower
 
indianstudents
indianstudentsindianstudents
indianstudents
 
Demographic profile of INDIA - Opportunity or Threat
Demographic profile of INDIA - Opportunity or ThreatDemographic profile of INDIA - Opportunity or Threat
Demographic profile of INDIA - Opportunity or Threat
 

More from George V James

Corporate Governance In Indian Prespective
Corporate Governance In Indian PrespectiveCorporate Governance In Indian Prespective
Corporate Governance In Indian PrespectiveGeorge V James
 
Life Insurance- A Case Study
Life Insurance- A Case StudyLife Insurance- A Case Study
Life Insurance- A Case StudyGeorge V James
 
strategy formulation vs strategy implementation
strategy formulation vs strategy implementationstrategy formulation vs strategy implementation
strategy formulation vs strategy implementationGeorge V James
 
System Development Life Cycle & Implementation of MIS
System Development Life Cycle & Implementation of MISSystem Development Life Cycle & Implementation of MIS
System Development Life Cycle & Implementation of MISGeorge V James
 

More from George V James (7)

LISTING OF SECURITIES
LISTING OF SECURITIESLISTING OF SECURITIES
LISTING OF SECURITIES
 
Corporate Governance In Indian Prespective
Corporate Governance In Indian PrespectiveCorporate Governance In Indian Prespective
Corporate Governance In Indian Prespective
 
SEBI ACT
SEBI ACTSEBI ACT
SEBI ACT
 
Life Insurance- A Case Study
Life Insurance- A Case StudyLife Insurance- A Case Study
Life Insurance- A Case Study
 
strategy formulation vs strategy implementation
strategy formulation vs strategy implementationstrategy formulation vs strategy implementation
strategy formulation vs strategy implementation
 
System Development Life Cycle & Implementation of MIS
System Development Life Cycle & Implementation of MISSystem Development Life Cycle & Implementation of MIS
System Development Life Cycle & Implementation of MIS
 
TRADING BLOCKS
TRADING BLOCKSTRADING BLOCKS
TRADING BLOCKS
 

Recently uploaded

Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledCaitlinCummins3
 
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Step
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door StepHigh Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Step
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Stepdarmandersingh4580
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...drm1699
 
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxExploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxTexas Flange
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...Khaled Al Awadi
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...prakheeshc
 
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODF
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODFRATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODF
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODFCaitlinCummins3
 
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxBlinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxSaksham Gupta
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfmstarkes24
 
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...Aurelien Domont, MBA
 
Moradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in PenacovaMoradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in Penacovaimostorept
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsYourLegal Accounting
 
First Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCFirst Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
 
tekAura | Desktop Procedure Template (2016)
tekAura | Desktop Procedure Template (2016)tekAura | Desktop Procedure Template (2016)
tekAura | Desktop Procedure Template (2016)Norah Medlin
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementsirhcs
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...srcw2322l101
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.daisycvs
 
The Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and UncertaintyThe Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and Uncertaintycapivisgroup
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIIRODORI inc.
 

Recently uploaded (20)

Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
 
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Step
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door StepHigh Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Step
High Profile Bangalore Just VIP Brigade Road 100% Genuine at your Door Step
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
 
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxExploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
 
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODF
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODFRATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODF
RATINGS OF EACH VIDEO FOR UNI PROJECT IWDSFODF
 
Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024
 
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxBlinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdf
 
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
 
Moradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in PenacovaMoradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in Penacova
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA Firms
 
First Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCFirst Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLC
 
tekAura | Desktop Procedure Template (2016)
tekAura | Desktop Procedure Template (2016)tekAura | Desktop Procedure Template (2016)
tekAura | Desktop Procedure Template (2016)
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
 
The Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and UncertaintyThe Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and Uncertainty
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORI
 

Economic role of government in Indian Business

  • 1. ECONOMIC ROLE OF GOVERNMENT IN INDIAN BUSINESS ECONOMIC ROLE OF GOVERNMENT IN INDIAN BUSINESS George V James
  • 2. INTRODUCTION  Economic role is basically concerned with the economic development of the nation by framing rules and regulations.  Government always plays a very important role in the development of the economy.  In capitalist countries, government participation was increased after the Great Economic Depression in the 1930’s.  The most important roles of any Government are Stability & Growth.  Economic role is basically concerned with the economic development of the nation by framing rules and regulations.  Government always plays a very important role in the development of the economy.  In capitalist countries, government participation was increased after the Great Economic Depression in the 1930’s.  The most important roles of any Government are Stability & Growth.
  • 3. FACTORS DETERMINING THE NATURE OF ROLE OF GOVERNMENT  Nature & stage of development of the economy.  Behaviour of private sector.  Political Philosophy.  Social Attitudes.  Administrative Systems, etc  Nature & stage of development of the economy.  Behaviour of private sector.  Political Philosophy.  Social Attitudes.  Administrative Systems, etc
  • 4. ROLE OF GOVERNMENT GOVERNMENT REGULATIONREGULATION PROMOTION ENTREPRENUERSHIPPROMOTION ENTREPRENUERSHIP BUSINESS/ECONOMY
  • 5. GOVERNMENT’S ROLE AS REGULATOR OF BUSINESS Ensure the private investment and production in the industry meets the socio-economic objectives of the government. Ensure the efficient use of resources and prevent exploitation. Restraints on private activities. Control of monopoly & big business. Development of public enterprises as an alternative to private enterprises to ensure competitive dualism. Maintenance of a proper socio-economic infrastructure. Ensure the private investment and production in the industry meets the socio-economic objectives of the government. Ensure the efficient use of resources and prevent exploitation. Restraints on private activities. Control of monopoly & big business. Development of public enterprises as an alternative to private enterprises to ensure competitive dualism. Maintenance of a proper socio-economic infrastructure.
  • 6. GOVERNMENT’S ROLE AS PROMOTER OF BUSINESS Providing finance to the industry.(through developmental banks etc.) Granting incentives. Creating infrastructural facilities for industrial growth & investment. Promoting development in No Industry Districts Establishing District Industrial Centres for assisting the development of small industries. Providing finance to the industry.(through developmental banks etc.) Granting incentives. Creating infrastructural facilities for industrial growth & investment. Promoting development in No Industry Districts Establishing District Industrial Centres for assisting the development of small industries.
  • 7. GOVERNMENT’S ROLE AS AN ENTREPRENUER IN BUSINESS  Mainly concerned with growth & development of public industries.  Has earned the name of a “SOCIAL ENTREPRENUER”  BSNL can be a best example for the above stated term.  Mainly concerned with growth & development of public industries.  Has earned the name of a “SOCIAL ENTREPRENUER”  BSNL can be a best example for the above stated term.
  • 8. GOVERNMENT’S ROLE AS A PLANNER IN BUSINESS  Indicating priorities through the Five Year Plans for the sectoral allocation of resources.  Ensuring the equal distribution of scare resources to all the sectors in order to avoid clashes.  Indicating priorities through the Five Year Plans for the sectoral allocation of resources.  Ensuring the equal distribution of scare resources to all the sectors in order to avoid clashes.
  • 9. GOVERNMENT’S ROLE REDEFINED  POVERTY  UNEMPLOYMENT  INRASTRUCTURAL FACILITIES  POVERTY  UNEMPLOYMENT  INRASTRUCTURAL FACILITIES
  • 11. CONT.  India is said to have a 3rd of the world’s poor.  37% of Indian Population is below the poverty line.(BPL)  Kalahandi, Bolangir & Koraputh( Known as KBK Districts in Odisha) are the most poverty affected areas.  Kerala stands last in the poverty line.(We can be proud of that)  Some reasons of poverty are:- 1. High Population Growth 2. Caste System 3. India’s economic policies 4. Liberalization and its effects  India is said to have a 3rd of the world’s poor.  37% of Indian Population is below the poverty line.(BPL)  Kalahandi, Bolangir & Koraputh( Known as KBK Districts in Odisha) are the most poverty affected areas.  Kerala stands last in the poverty line.(We can be proud of that)  Some reasons of poverty are:- 1. High Population Growth 2. Caste System 3. India’s economic policies 4. Liberalization and its effects
  • 12. CONT. REDUCING POVERTY  Employment opportunities  Agricultural Development  Primary Education & Good Infrastructural Facilities  Poverty alleviation programs like National Rural Employment Program, Rural Landless Employment Guarantee Program, Jawahar Rojgar Yojna etc REDUCING POVERTY  Employment opportunities  Agricultural Development  Primary Education & Good Infrastructural Facilities  Poverty alleviation programs like National Rural Employment Program, Rural Landless Employment Guarantee Program, Jawahar Rojgar Yojna etc
  • 14. CONT.  There are more than 6 crore well educated youth in India who are unemployed.  Reasons for Unemployment:- 1.Rapid Population Growth 2. Defective Education System 3. Limited Land 4. Seasonal Agricultural 5. Outdated Agricultural Methods 6. Inadequate Employment Planning  There are more than 6 crore well educated youth in India who are unemployed.  Reasons for Unemployment:- 1.Rapid Population Growth 2. Defective Education System 3. Limited Land 4. Seasonal Agricultural 5. Outdated Agricultural Methods 6. Inadequate Employment Planning
  • 15. CONT. Strategies undertaken by Government to reduce Unemployment in India  Heavy Investment in Basic Industries.  Development of Cottage & Small-scale Industries.  Change in Educational System.  Checking of Population Explosion.  Modernization of Agriculture.  Introduction of Rural Works Programmes.  Developing Infrastructure.  Subsidies to Private Sector.  Stress on Self-employment. Strategies undertaken by Government to reduce Unemployment in India  Heavy Investment in Basic Industries.  Development of Cottage & Small-scale Industries.  Change in Educational System.  Checking of Population Explosion.  Modernization of Agriculture.  Introduction of Rural Works Programmes.  Developing Infrastructure.  Subsidies to Private Sector.  Stress on Self-employment.
  • 17. CONT. Infrastructure can be divided into 2 types:-  Economic Infrastructure  Social Infrastructure examples:- Bharat Nirman, BOT Scheme. Infrastructure can be divided into 2 types:-  Economic Infrastructure  Social Infrastructure examples:- Bharat Nirman, BOT Scheme.
  • 18. CONCLUSION  The main role which should be played by the government is to do things which is not presently done by any another bodies.  Develop the country with efficient private participation.  Not just making reforms, but implementing it.  Finally protect investors and take up efficient taxation policy.  The main role which should be played by the government is to do things which is not presently done by any another bodies.  Develop the country with efficient private participation.  Not just making reforms, but implementing it.  Finally protect investors and take up efficient taxation policy.
  • 19. REFERENCES  Business Environment & Policy  Wikipedia.com  Preservearticles.com  Planningcommission.nic.in  Business Environment & Policy  Wikipedia.com  Preservearticles.com  Planningcommission.nic.in