This document proposes solutions to develop the northeast region of India. It outlines challenges facing the region such as insurgencies, poor infrastructure, and poverty. The proposed solutions include establishing special economic zones to attract industries, developing infrastructure like roads and utilizing hydroelectric power potential. Other recommendations are promoting cross-border trade, skill development, and tourism. Implementing these steps could boost the economy, reduce poverty and help the region contribute more to India's growth. However, overcoming issues like corruption and gaining local acceptance will be challenges.
An overview on the History, Growth and prospects of Indian economy. Trying to analyse the economy based on key economic indicators, role of public sector, case analyses etc.
An overview on the History, Growth and prospects of Indian economy. Trying to analyse the economy based on key economic indicators, role of public sector, case analyses etc.
India is a complex market due to the regional diversity, rural-urban divide, presence of a large unorganized market, and multiple legal and administrative systems. Companies that have understood the nuances of handling Indiaâs complex business environment have been successful. This white paper seeks to help illustrate some of these nuances, and offer some possible solutions to overcoming the inherent MI challenges in India. This presentation shows selected slides from a GIA white paper. To download the entire white paper that you are interested in, please visit http://bit.ly/GIAinsightWP
India and ASEAN are together home to 1.8 billion people, have a combined economy of US$ 3.8 trillion and a substantial share of world resources. With shared land and maritime boundaries, ASEAN-India relations are firmly embedded in Culture, Commerce and Connectivity. India's âLook East Policyâ (LEP) was in force for more than two decades, and thereafter, it has been transformed into âAct East Policyâ (AEP) with ASEAN at its core. Starting as a sectoral partner of ASEAN in 1992, India became a dialogue partner of ASEAN in 1996, a summit-level partner in 2002 and a strategic partner in 2012.
Strengthening India's economic relations with the countries in the East is one of the main objectives of India's 'Act East Policy' of the Government of India. Over 50% of India's foreign trade now goes to the East. In addition, India's bilateral trade with ASEAN is around US$72 billion in 2016-17. The two sides are now aiming to scale up bilateral trade to US$200 billion by 2022. India also has extensive and expanding trade relations with APEC economies, which account for 35% of India's merchandise trade.
Importance of Economy
Topics included:
1, An overview of Pakistanâs economy
2, Challenges to Pakistanâs economy
3, Solutions to improve the economy
Act East policy - Under the leadership of Prime Minister Narendra Modi the new government of India has made its relations with East Asian neighbours a foreign policy priority at a time when the United States has engaged in a "pivot to Asia".
Development of sri lanka in South Asian contextJ Wanniarachchi
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Sri Lanka is still a developing country. We have to learn lot from other Asian Countries who are already in great development. so through this presentation it compared the economic situation of Sri Lanka with Malaysia. And imply what are the lessons that we can gain from Malaysian economy.
An estimate of World Bank says that an additional 64 million people are living in extreme poverty on less
than US$1.25 a day by the end of 2010 as a result of the global recession. Low export dependency, a
large consumption base and the high share of employment and income come from rural areas.
Governmentâs focus and initiatives at local level will help in sustaining the economic growth at large. India
is among the most attractive destinations globally, for investments and business and FDI had increased
over the last few years. With the inclusive work force participation, development of infrastructural
facilities, encouraging small and medium enterprise MSMEs sector, government can fill the gap of income
disparity in different regions. Better policy measures and awareness programmes regarding many of the
government initiatives for the betterment of society can do wonders for an inclusive society and nation.
Better employment prospects, better technical education and programmes on poverty eradication and
public health must be priory concerned. An action oriented approach in a very aggressive manner would
be needed to facilitate a better livelihood and better market conditions for the society.
Kenyaâs economy is largest in East Africa region. Kenya has emerged as a technological and financial hub For East and Central Africa. A major techno-city project is underway in Konza, near Nairobi.
India is a complex market due to the regional diversity, rural-urban divide, presence of a large unorganized market, and multiple legal and administrative systems. Companies that have understood the nuances of handling Indiaâs complex business environment have been successful. This white paper seeks to help illustrate some of these nuances, and offer some possible solutions to overcoming the inherent MI challenges in India. This presentation shows selected slides from a GIA white paper. To download the entire white paper that you are interested in, please visit http://bit.ly/GIAinsightWP
India and ASEAN are together home to 1.8 billion people, have a combined economy of US$ 3.8 trillion and a substantial share of world resources. With shared land and maritime boundaries, ASEAN-India relations are firmly embedded in Culture, Commerce and Connectivity. India's âLook East Policyâ (LEP) was in force for more than two decades, and thereafter, it has been transformed into âAct East Policyâ (AEP) with ASEAN at its core. Starting as a sectoral partner of ASEAN in 1992, India became a dialogue partner of ASEAN in 1996, a summit-level partner in 2002 and a strategic partner in 2012.
Strengthening India's economic relations with the countries in the East is one of the main objectives of India's 'Act East Policy' of the Government of India. Over 50% of India's foreign trade now goes to the East. In addition, India's bilateral trade with ASEAN is around US$72 billion in 2016-17. The two sides are now aiming to scale up bilateral trade to US$200 billion by 2022. India also has extensive and expanding trade relations with APEC economies, which account for 35% of India's merchandise trade.
Importance of Economy
Topics included:
1, An overview of Pakistanâs economy
2, Challenges to Pakistanâs economy
3, Solutions to improve the economy
Act East policy - Under the leadership of Prime Minister Narendra Modi the new government of India has made its relations with East Asian neighbours a foreign policy priority at a time when the United States has engaged in a "pivot to Asia".
Development of sri lanka in South Asian contextJ Wanniarachchi
Â
Sri Lanka is still a developing country. We have to learn lot from other Asian Countries who are already in great development. so through this presentation it compared the economic situation of Sri Lanka with Malaysia. And imply what are the lessons that we can gain from Malaysian economy.
An estimate of World Bank says that an additional 64 million people are living in extreme poverty on less
than US$1.25 a day by the end of 2010 as a result of the global recession. Low export dependency, a
large consumption base and the high share of employment and income come from rural areas.
Governmentâs focus and initiatives at local level will help in sustaining the economic growth at large. India
is among the most attractive destinations globally, for investments and business and FDI had increased
over the last few years. With the inclusive work force participation, development of infrastructural
facilities, encouraging small and medium enterprise MSMEs sector, government can fill the gap of income
disparity in different regions. Better policy measures and awareness programmes regarding many of the
government initiatives for the betterment of society can do wonders for an inclusive society and nation.
Better employment prospects, better technical education and programmes on poverty eradication and
public health must be priory concerned. An action oriented approach in a very aggressive manner would
be needed to facilitate a better livelihood and better market conditions for the society.
Kenyaâs economy is largest in East Africa region. Kenya has emerged as a technological and financial hub For East and Central Africa. A major techno-city project is underway in Konza, near Nairobi.
A report from PD Consulting Asia on doing business in Indonesia and the ASEAN or Southeast Asia region.
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IN ASEAN SINGAPORE IS THE RICHEST ECONOMY WHILE MYANMAR IS POORESTMYO AUNG Myanmar
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IN ASEAN SINGAPORE IS THE RICHEST ECONOMY WHILE MYANMAR IS POOREST
https://www.worldlistmania.com/top-20-poorest-countries-asia/
https://en.wikipedia.org/wiki/List_of_ASEAN_countries_by_GDP
https://www.worldatlas.com/articles/the-richest-and-poorest-countries-of-southeast-asia.html
ECONOMICS
The Richest And Poorest Countries Of Southeast Asia
Singapore is the richest economy in Southeast Asia, while Myanmar is the poorest.
https://en.wikipedia.org/wiki/List_of_Asian_and_Pacific_countries_by_GDP_(PPP)
https://www.forbes.com/sites/peterpham/2017/10/18/why-is-asias-99-so-poor/#7fa9c41123be
Why Is Asia's 99% So Poor?
Peter Pham-Contributor-
I write financial newsletters for investors on how to profit in Asia.
https://www.youtube.com/watch?v=w2VPPu5L5gI
https://www.weforum.org/agenda/2015/04/which-asean-country-is-the-most-competitive/
Which ASEAN country is the most competitive?
https://www.gfmag.com/global-data/country-data/myanmar-gdp-country-report
Myanmar GDP and Economic Data
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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Myanmar economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Myanmar best banks and safest banks are also available.
https://www.gfmag.com/magazine/september-2018/frontier-asias-trickiest-puzzle
Myanmar: Frontier Asia's Trickiest Puzzle
Investing in Myanmar requires reconciling great opportunities and great risks.
SEPTEMBER 01, 2018 Author: AL EMID
https://borgenproject.org/why-is-myanmar-poor/
12NOV2017
Why is Myanmar Poor?
https://www.adb.org/countries/myanmar/poverty
Poverty in Myanmar
http://www.worldbank.org/en/country/myanmar/overview
The World Bank In Myanmar
The World Bank is working with the government and other partners in support of reforms that will benefit all of the people of Myanmar, including the poor and vulnerable.
http://www.worldbank.org/en/news/press-release/2017/12/12/myanmar-revises-poverty-measure-to-reflect-needs-of-population-in-2015
Myanmar Revises Poverty Measure to Reflect Needs of Population in 2015
http://www.worldbank.org/en/news/press-release/2018/05/17/economy-grows-amid-uncertainty-in-myanmar
PRESS RELEASE May 17, 2018
Economy Grows Amid Uncertainty in Myanmar
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1. Sunrise States: Realizing the growth potential of
North-East
Team Details
Team Coordinator-Sandeep Walia
Team members- Ayushee Agarwal, Niranjan Singh, Sahil Dhingra
and Shambhavi Shah
2. Nurturing The Hidden Potential Of The
North Eastern Region
The Northeast region of India comprising of eight states:
o Assam
o Nagaland
o Manipur
o Arunachal Pradesh
o Mizoram
o Tripura
o Meghalaya
o Sikkim
It is surrounded by many countries such as Bhutan, Myanmar, Bangladesh and
China, is the setting for a multitude of conflict that undermines the idea of India as
a prosperous and functioning democracy.
In the past this region has faced numerous problems such as:
īļ The Naga insurgency still remains one of the oldest unresolved conflict
in the World.
īļ This region is also very poorly connected by road to other parts of the
country which makes the supply of goods very difficult and this also leads
to the inflation of various basic amenities such as petrol, cooking gas and
various edible products.
īļ The northeast is the hotbed of militancy due to its porous borders with
Bangladesh and Bhutan.
The main reason of these tensions is that the tribes in north-east are largely of
Tibeto-Burman/Mongoloid stock and closer to Southeast Asia and South Asia. It is
ethnically, linguistically and culturally very distinct from other states of India.
Northeast is territorially organized in such a manner that ethnic and cultural
3. specifications were ignored during process of delineation of state boundaries in the
1950.
Child labor and malnutrition have haunted north east since several years
For years the northeast part of our country has been ignored by the central
government. It has been neglected both economic and social development.
īˇ It is geographically a very vulnerable zone as 98% of its borders are
international, but this also gives it an opportunity of foreign trade.
īˇ The verdant mountains of the North East conceal not only the odd militant,
but also a rich culture of art and handicrafts passed on from generation to
generation.
īˇ The resource rich with its expanses of fertile farmland and huge talent pool
could turn into Indiaâs most prosperous region.
It is of paramount importance that the region, as a collective identity, embarks a
vibrant journey to realize dreams of a better future. The development in northeast
would also raise India to higher levels of inclusive economic development
4. The beautiful city of Gangtok
A Brief about the solution proposed:
1. Creation Of SEZâs
A Special Economic Zone (SEZ) is a geographical region that is designed
to export goods and provide employment. SEZs are exempt from federal
laws regarding taxes, quotas, FDI-bans, labor laws and other restrictive laws
in order to make the goods manufactured in the SEZ at a globally
competitive price. Unfortunately there are no currently functioning SEZs in
the northeastern region. SEZs will allow various foreign and Indian
industries to set up in this region and automatically solve the problem of
unemployment and increase the living standard of the people.
2. Realization of itâs Power Potential
The region is endowed with perennial river and water bodies, therefore it has
a huge hydroelectricity potential. States such as Arunachal Pradesh, Sikkim
and Meghalaya have huge potential in hydropower generation.
5. 3. Development of physical Infrastructure
Road is an important mode of travel in hilly areas as other mode of travel is
either too expensive or difficult. The road infrastructure is relatively
deficient in north eastern region. The road length per unit area is higher only
in Nagaland, Assam and Tripura.
4. Promotion of Cross Border Trade
Cross border trade is most important medium of current wave of
globalization. The North East is located between three major economies-
East Asia, South Asia and Southeast Asia. This North East has not been able
to integrate and benefit from this advantage. Out of Indiaâs export volume of
about $254.4 billion, the Northeastâs share is only $0.01 billion.
6. 5. Skill Development
According to study on development and employment generation potential of
north eastern states, between 2011 and 2021, will have only 2.6 million jobs,
whereas there will be 14 million job seekers. For this government should
setup various institutions to enhance the skill of the people.
6. To develop a world class Tourist Destination
North east region is stated as âParadise Unexploredâ .This picturesque
region is full of forested hills and lush green fields but receives little tourism
compared to rest of India. The state government has to aggressively promote
tourism as it will not only generate jobs but also make northeast famous in
the entire world.
Steps for implementation of the proposed
plan
1. There are just 2 SEZs in Nagaland as declared by Government of India but
none of them has started functioning. The government instead of just
declaring should take some concrete steps to promote the establishment of
more industries in this region. Because of itâs agricultural capabilities this
7. region has a potential of becoming a hub of food processing industries. Also
since this region is largest supplier of tea, the government should promote
use of modern agriculture techniques to increase production of it.
2. The government should keep the power projects as public-private
partnership. It should also keep in mind that these projects should not
displace large population of people as it results to widespread anger among
people and also leads to negative publicity of the government.
3. The proper connection of north eastern region will help promote local trade.
The various government departments such as NHAI and PWD should
provide their expertise to local government to develop high speed freeways
and highways. This will also help our defense forces in supply of goods,
men and other amenities quickly which will strengthen Indiaâs position
against its vulnerable Chinese border.
4. As mentioned earlier the 98% of northeastern border is international. The
government should help the state government to establish one of a kind
North East Cross Border Trade Centre which will both promote cross-
border trade and also be a watchdog to keep a check on trading.
5. The government should establish more technical institution like IITs and
NITs which will help make more and more people professionals in field of
IT and communication, since the presence of this sector is nil in this area.
Since forest and agriculture are such a major part in these areas state of the
art Forest Institutions should be established in this region. These
institutions will also teach people to preserve the degrading forests.
6. Adventure based tourism like Trekking, Mountaineering, Skiing will also
make North east a famous international tourist destination. Government
should invest and promote in building up more hotels, guest houses and
other tourist facilities to promote tourism. It is also responsibility of people
to be more accepting to outside world, for years these areas have been
8. untouched by even other people of India. The local police should also be
trained in english to help and manage touristâs problems.
In spite of large number of snow covered mountains there are very less adventure sports
in the North Eastern Region.
9. Economic Impact
The per capita income of Indian states is stated below:
The above statistics indicate that the per capita of most of northeastern states is
lower than the all India average. If above steps are followed it will help in
increasing above statistics, this will directly lead to increase livelihood of local
people.
The North Eastern states are âundiscovered gold mine of opportunitiesâ that we
are yet to cultivate. It is of great economic and strategic importance to our country.
10. Social Impact
If the government is able to develop our North Eastern region it will make it a
cultural hub where people from all across the country visit and even work. It will
also allow the local people to be open to all kinds of opportunities.
It will also help people of other states to understand and respect the people and
culture of North Eastern region. It will be a step further towards nationalization of
our country.
Challenges Faced
īˇ The government should take special steps to make sure the process of
implementation of above given steps is corruption free. As we are that
recently many protests are going on to make sure that corruption is vanished
from our country.
īˇ It is a responsibility of both people and government to keep a check on
corruption. Anti corruption institutions such as CVC and CBI should make
sure that this region is corruption free. The RTIs applied from this region are
also very low as compared to other areas. Thus citizen should also realize
the power of this tool.
īˇ The local people should be more accepting to the local world and understand
that violent insurgencies would be only harming the image of their state.
If they wish to protest it should be peaceful. They should make whole India
realize their current condition so that they have the support of whole country
in their development.
īˇ With the current Indo China relation the government should realize the
strategic importance of north east states as major part of this region shares
its border with it. It can also help to ease the current tense situation by
allowing more cross border trade with it.
11. Conclusion
Thus with the implementation of solutions as proposed, a process can be set in
motion that could support the north east in its endeavor to contribute to economic
resurgence of home region as well as to development of rest of the country
The implementation of the above steps will have an immediate impact on poverty
reduction at community level. The North East which has been virtually cut-off
from our country should become a Cross Border Trade hub where people from all
parts of the country come in search of opportunity and better lives. It will create a
distinct identity of this region.
The gift of nature which has been undiscovered for so many years should be open
to the whole world, its mesmerizing beauty and serene mountains can make it a
world class hill station.
For years tea has been major export item from north east and it is time that it should also enter
alternate export markets.
12. Appendix:
References:
ī§ Conflict in northeast India: Issues, causes and concerns
By Philipp Heimerdinger & Tshering Chonzom
ī§ North East Summit- 2013
By PWC India
ī§ Press Information Bureau ,India
List of Acronyms:
īˇ CVC-Central Vigilance Commission
īˇ PWD-Public Works Department
īˇ NHAI-National Highways Authority of India
īˇ SEZ-Special Economic Zone
īˇ FDI-Foreign Direct Investment
īˇ IIT-Indian Institute of Technology
īˇ NIT-National Institute of Technology
īˇ RTI-Right To Information