The document discusses globalization and its impact on the Indian economy. It notes that globalization has led to new trade and production patterns in India, with developing countries like India now able to produce finished goods rather than just exporting raw materials. It also discusses India's growing economy, with rising GDP, exports, FDI inflows, and per capita income. However, it notes India still faces challenges of unemployment and balancing economic growth with political demands.

1. INDIAN ECONOMY AND GLOBALISATIONIRVING FISHER GROUP

2. The term globalization means International Integration.It is a process through which the diverse world is unified into a single society.Opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC's, population migrations and more generally increased mobility of persons, goods, capital, data and ideas WHAT IS GLOBALISATION ?

3. GLOBALISATION

4. IssuesAccountability of Global businesses?Increased gap between rich and poor fuels potential terrorist reactionEthical responsibility of business?Efforts to remove trade barriers.

5. Shape of the world’s economy is being changed by “globalization” Marketing

6. Branding

7. AdvertisingNikeDell Cost down

8. OutsourcingNew trade pattern:developing countries don't just have to trade their raw materials to the West and get finished products in return; can become big-time producers as well. New production pattern:global product networkcompanies can locate different parts of their production, research and marketing in different countriesGlobalization – what’s really new? New Trade and Production Patterns

9. Growing global markets in servicespeople can now offer and trade services globally -- from medical advice to software writing to data processing -- that could never really be traded before.Globalization – what’s really new? New marketsW-2, W-4, 1099 bonuses & stock statementsIndian accountantUS tax payers

10. Market economic policies spreading around the world, with greater privatization and liberalization than in earlier decades. ex: BRICWidespread adoption of democracy as the choice of political regime.Globalization – what’s really new? New rules and norms

11. Multilateral agreements in trade, taking on such new agendas as environmental and social conditions.

12. New multilateral agreements – for services, intellectual property , communications – more binding on national governments than any previous agreements.Globalization – what’s really new? New rules and norms

13. GrowthCustomer Survey

14. *2010GDP – USD 1.36 trillion

15. GDP growth rate – 9%

16. Services contribution – 60-65%

17. Balance of Trade – Negative balance should increase with surging imports versus exports

18. Investment goal – USD 370 billion*2008GDP – USD 1.16 trillion

19. GDP growth rate – 9.5%

20. Services contribution – 60%

21. Balance of Trade – Negative balance should increase with surging imports versus exports

22. Investment goal – USD 305 billion2006GDP – USD 590 billion

23. GDP growth rate – 9%

24. Services contribution – 54%

25. Balance of Trade – USD (-)46.2 billion

26. Investment goal – USD 250 billionGrowing Indian Economy*: ProjectedSource: Economic Times & India Brand Equity Foundation (IBEF)

27. Growing GDPContribution of Services - increased from 48% to 62% and is estimated to contribute 60% by 2010*: ProjectedSource: India Brand Equity Foundation (IBEF)

28. Growing Exports*: ProjectedSource: Ministry of Commerce & IBEF

29. Source: Ministry of Commerce & IBEFGrowing Imports

30. Increasing Forex ReservesSteadily increasing Forex reserves offer adequate security against any possible currency crisis or monetary instabilitySource: Reserve Bank of India & India Brand Equity Foundation (IBEF)

31. Growing FDI InflowsIndia is ranked second in AT Kearney’s FDI confidence index (2007)Electronic equipment, manufacturing and telecom have witnessed significant FDI inflow* Provisional Source: Department of Commerce

32. Increasing Per Capita IncomeSource: India Brand Equity Foundation (IBEF) & Economic Survey 2007-08

33. Major M&A and Investments Announcements in IndiaPOSCO to invest in building steel manufacturing plants and facilities in India by 2016USD 12 billion Plans to establish three manufacturing plants to produce photo-voltaic unitsUSD 2 billion Plans to spend on its development operations in India over the next four yearsUSD 1.7 billionSource: India Brand Equity Foundation (IBEF)