its about india position in world and comparisson on india and chine...

1. INDIA’S SHARE IN WORLD ECONOMY Linking INDIA to World Economy

2. INDIA’S SHARE IN WORLD ECONOMY 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

3. Independence to 1991 Influence by British Colonial Experience. With strong emphasis on (a) Import substitution (b) Industrialization (c) State Intervention (d) Business regulation (e) Central planning (f) Capital Industries Linking INDIA to World Economy

5. India’s Contribution to World’s Economy Government Intervention Major improvements in educational standards across India. In the late 80’s the government led by Rajiv Gandhi eased restrictions on capacity expansion for incumbents, removed price controls and reduced corporate taxes. While this increased the rate of growth, it also led to high fiscal deficits and a worsening current account. Linking INDIA to World Economy

6. India’s Contribution to World’s Economy Public Receipts The tax reforms, initiated in 1991: (a) Reducing the rates of individual and corporate income taxes, excises, customs and making it more progressive (b) Reducing exemptions and concessions . (c) Simplification of laws and procedures. (d) Introduction of PAN to track monetary transactions. Linking INDIA to World Economy

7. India’s Contribution to World’s Economy Public Receipt Tax receipts of Centre & State amount to approximately 18% of national GDP. limited resources of Government affect its ability to pay fair wages to public servants. This may well be the cause of endemic corruption at all levels of government. Linking INDIA to World Economy

8. India’s Contribution to World’s Economy Physical Infrastructure India's low spending on power, construction, transportation, telecommunications and real estate, at $31 billion or 6% of GDP in 2002 had prevented India from sustaining higher growth rates. India holds 2nd position in the world in roadways' construction, more than twice that of China. Linking INDIA to World Economy

9. India’s Contribution to World’s Economy Agriculture Sector Agriculture & allied sectors like forestry logging and fishing accounted for 16.6% of the GDP in 2007. 2nd largest world-wide in farm output. Linking INDIA to World Economy

10. India’s Contribution to World’s Economy Industry India is 14th in the world in Factory Output. Account for 27.6% of the GDP and employ 17% of the total workforce. Linking INDIA to World Economy

11. India’s Contribution to World’s Economy According to Forbes Global2000 ranking for 2008, Five leading companies are: Linking INDIA to World Economy

12. 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

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

14. Contribution to GDP growth 1951-51 2007-08 Linking INDIA to World Economy

15. Balance of Payments Linking INDIA to World Economy

16. Growth of Employment Linking INDIA to World Economy

17. China and India’s Share in World GDP. 35% 35% 30% 30% 25% 25% 20% 20% China China 15% 15% India India 10% 10% 5% 5% 0% 0% 1998 1998 1000 1600 1820 1913 1973 1000 1600 1820 1913 1973 Angus Maddison, World Economy, 2001 Linking INDIA to World Economy

18. Globalisation:The Difference China Vs India High growth driven by domestic investment, consumption and net exports in China, while the contribution by net exports negative in India Linking INDIA to World Economy

21. Education

22. Business climate

23. Public expenditure efficiencyLinking INDIA to World Economy

24. THANK YOU Linking INDIA to World Economy GROUP MEMBERS: Aditya Akshita Jatinder Singh Khushboo Ruchika Shubha Tanesh Uma