This document provides an overview of economics and its importance for entrepreneurs in India. It discusses India's economic history from the pre-colonial era through British colonial rule to independence. Key points include: - India's industrial production averaged 6.99% from 1994-2013, with rates of 20% in 2006 and -7.8% in 2009. - The service sector contributes significantly to India's economy, providing 23% of employment and projected to contribute 7% to GDP by 2008. - At independence, India was one of the richest nations but British rule left it almost the poorest, with its share of world income falling from 24.4% in 1700 to 3.8% in 1953.

2. & economics

3. economics
What is economics?
Production :Indian industrial production averaged 6.99percent
from 1994 until 2013.
At nov-2006 the production rate is 20 percent
In feb-2009 the production rate of our country is -7.8
Present production rate is 4.8
why is economics important for entrepreneur?
How does economics impact our lives?

4. It is divided into 3 Eras :
• Pre- colonial (Early 17th Century)
• British Colonial (17th till 1945)
• After Independence ( After 1945 till Now)
Linking INDIA to World Economy

5. GDP Growth in Current Decade
Linking INDIA to World Economy

6. India’s Contribution to World’s
Economy
Service Sector
• India is 15th in service output.
• It provides employment to 23% of work
force, and it is growing fast, growth rate 7.5% in
1991–2000 up from 4.5% in 1951–80.
• Contribution of IT to GDP increased to 4.8 % in
2005-06 and is projected to increase to 7% of
GDP in 2008.
Linking INDIA to World Economy

8. • Industries at the time of independence.
• India which was amongst the richest nations
in the world.

9. • In 1700 it was estimated that Indians share of
the world income was nearly 24.4percent .
• When the British left us almost the poorest
economics of world ,our share of world
income had fallen to 3.8 percent in 1953.

11. • first-socialistic economy why ?
• Next –capitalist economy
• Economic liberalization in India .

12. One thing that every entrepreneur must have?

13. Advice to young entrepreneurs
• You can achieve beyond your dreams, so its ok
to dream and make an action plane to turn it
into reality
• There is not one formula to be
successful, every one who is successful has
gone through failure in the process. it depends
upon how hard we kick that failure and learn
from it and take up the challenge stronger to
be successful

14. Advice to young entrepreneurs
• Start small and then expand ,after you feel
you have the product and processes right

15. by
P.V.N.sumanthreddy
• for your patience