The Indian economy has transitioned from being primarily agriculture-based to an economy with large industries and services sectors. While India has experienced significant growth in recent decades, issues remain such as poverty, unemployment, and economic inequality. The recession has brought new challenges for India's economy in spreading growth equitably, completing important projects, and dealing with financial uncertainty from global capital flows and exports.

1. Indian Economy Presented by Mallela Hemchand Mansoor Ahmed Siddiqui Meghana Reddy Nabanisha Mahanta Naina Gupta

4. Introduction GDP Growth Forex FII Flow FDI Per Capita Inflation 1990 4.9 percent < USD 1 billion USD 1 million (1993) USD 97 million USD 390 9 percent 2008* 8.7 percent USD 309 billion as on Mar 28, 2008 USD 16.1 billion in 2007-08 USD 12.7 billion in 2007-08 till December USD 740 7.4 percent as on March 29, 2008

14. Growth in sectors at Current Prices (2007-08): Industry: 10.7% Services: 8.9% Agriculture: 2.6%

15. BRIC Report, Goldman Sachs “ I have never seen India so dynamic, vibrant and full of business opportunities”. - Dan Scheinman, Cisco System Inc. as told to Business Week, August 2005 “ We came to India for the costs, stayed for the quality and are now investing for innovation”. John Redwood Economic Competitiveness Policy Group, UK “ India is now truly a land of opportunity”. Jack Welch General Electric “ India is a developed country as far as intellectual capital is concerned”. Peter Loescher President and Chief Executive Siemens By 2032, India will be among the three largest economies in the world. Why India? – Quote Unquote Travyn Rhall, ACNielsen “ The Indian market has two core advantages - an increasing presence of multinationals and an upswing in the IT exports”. Craig Barrett Intel Corporation “ India has evolved into one of the world's leading technology centers“. Mr Paul de Voijs Managing Director Volvo Car India “ India is a very exciting market and the luxury car segment is growing exponentially here”.

16. Some Corporate Achievements in India The Tata Nano, the world’s cheapest production car Kingfisher Airways, voted the best airline of south-east Asia The HCL laptop, the cheapest production laptop The Infosys IT training campus – the largest in the world

20. India: Pacing Ahead to Emerge as a Major Economy in the World 2007 Global Retail Development Index (GRDI) AT Kearney has placed India as the most preferable destination for Services sector (2007)… Services sector attracted interest of major global players and large investments are pumped in it India is expected to outperform its rivals in the BRIC, in terms of GDP growth rate, from 2015 onwards… Source: AT Kearney , BRIC Report … India is the top destination in the AT Kearney Global Retail Development Index (2007)

21. Development Issues

22. Is India Really Shining?

23. THIS ISN'T All Of INDIA

24. Agriculture is still the biggest employer in India, with 54% of the Population engaged in Farming. 43 % of all Indian land is used in agriculture, but it only contributes 18% of the nation’s GDP Many farmers are subsistence farmers. According to the WHO, 61% of all farmers cultivate less than 0.4 hectares – only enough to feed their own family, with little left over to sell.

25. Agricultural Prices fluctuate wildly and often farmers are forced into debt, produced by extortionist interest rates which are unregulated by the government. They enter “cycles of debt” so the money they earn is never their own. Pressed by either famine and no crops, or a bumper crop and collapsing prices, farmers are often driven to suicide. Since 1997 when the statistics were first recorded 25,000 farmers have taken their lives in India. In the Vidarbha District of Maharashtra 1920 farmers killed themselves between January and August of 2007. This woman is looking for her brother who left a suicide note at her house, they cannot find his body. In one district of Maharashtra alone, a farmer kills himself every eight hours.

26. Healthcare: Our Fundamental Right Our life expectancy is 68 years, making our life expectancy the 139nth out of 172 countries. A growing threat: 5.7 million Indians have AIDS or HIV out of which 40 % are women We only one hospital bed for every 74 patients who need one. We have only one doctor for every 1,230 people. Despite these statistics, the Indian Government still spends more on defence than it does on health.

31. So the question still remains, is India really shining? Or is it mere propaganda? There statistics that we’ve mentioned paint two pictures, some showing how far India has come and other’s showing how far we have to go, how do we reconcile these two Indias? Which one is the real India? The answer probably lies in the middle, India is definitely growing, and assuming a larger role on the world stage, more people are becoming richer, the number of poor are decreasing and society as a whole is slowly improving. The fact still remains, however, that a vast proportion of the population live in the worst kind of poverty seen in the world and are denied access to basic standards of living that is theirs by right. There is hope for the future, as India grows and develops, more and more people are able to afford a better lifestyle and more get access to essential services but in our boundless optimism for India’s future we should not forget the vast sections of society for whom the phrase “India Shining” is utterly meaningless.