2. INTRODUCTION
PURCHASING POWER,
ACCORDING TO GLOBAL INVESTMENT BANK BY 2035 INDIA
WOULD BE 3RD LARGEST . ECONOMY OF THE WORK JUST
AFTER US AND CHINA. IT WILL GROW TO 60% OF SIZE OF
THE US. ECONOMY
3. POST COLONIAL PRE- COLONIAL
1700 AD CAN BE CATEGORIZED UNDER THIS PHASE.
THE EAST INDIA COMPANY EACH VILLAGE
4. HE ARRIVAL OF EAST
INDIA COMPANY
THE BRITISH WOULD BUY RAW MATERIALS FROM INDIA AT CHEAPER
RATES AND FINISHED FOODS
DECLINED FROM 22.3% TO 38% IN 1952
11. STRENGTHS OF INDIAN ECONOMY
There is much scope
for
increases in efficiency
.Demographics of India
are favorable
India is well placed to
benefit from
globalization and
outsourcing
12. PROBLEMS FACED IN INDIAN ECONOMY
Rigid labor laws
Large budget deficit
High level of debt
Balance of payment deterioration
Poor educational standard