Indian economic crisis of 1991, PERMITRAJ, PROTECTIVE MARKET and CONTROLLED ECONOMY liberalization and privatization devaluation of Indian rupee, globalization of India

2. Operations management
 refers to the administration of business practices to create the highest level of
efficiency possible within an organization. It is concerned with converting
materials and labor into goods and services as efficiently as possible to
maximize the profit of an organization
 Lack of operation management is one of the reason
behind Indian economic
crisis of 1991

3. 1991 economic crisis of India
Once India's foreign exchange reserves depleted to
USD 1.2 billion in January 1991 increase to $360
billion
The foreign reserve was only enough for 3 week
crude oil purchase, and India was only 1 week
away from defaulting external balance of payment

5. Ease of doing business in India
 PERMITRAJ
 British raj were gone now people are subjected to permit raj
 PROTECTIVE MARKET and CONTROLLED ECONOMY
 The economy environment simply not conducive to efficiency of profitability
 Nobody have any incentive to innovate ,to increase production to bring new
ideas
 we were in a shortage economy people have to wait years to get a
automobile
 Permit Raj is quit literal a break on Indian economy

6. Liberalization
Foreign Investment Promotion Board (FIPB) has been set up to
negotiate with international firms and approve direct foreign
investment in select areas
End of licensing raj, except 18 industry
Beginning of privatization
1991-92 budget had reduced import duty from 300 percent to 150
percent
Devaluation of rupee ,Rupee was devalued by around 20 percent

7. INDIAN SERVICES SECTOR AFTER 25 YEAR OF
LIBRALIZATION
Fastest growing big economy, with nominal GDP of 2.6 T AND PPP 8.72T
Services sector play vital role with 57 % share in GDP according to 2013-14 data
Indian IT and its sector continue to hold leadership
position with 55% market share.

8. Information Technology Services
India ranks first before industrialised countries like Ireland, UK, US and Germany
India is attractive because of its low cost of operations, high quality of products and services
and availability of skilled manpower.

10. INDIAN GDP COMPRISON 1950-51 TO
2013-14
SERVICES
33%
INDUSTRY
14%
AGERICULT
URE
53%
INDIAN GDP IN 1950-51
SERVICES
57%INDUSTRY
25%
AGERICULTU
RE
18%

11. INDIAN GDP VS AMRICAN
57%
25%
18%
Indian GDP 2013-14
services industry agericulture