The document discusses India's economic reforms in the early 1990s known as Liberalization, Privatization and Globalization (LPG model). It aimed to make the Indian economy faster growing and globally competitive through industrial, trade and financial sector reforms. Reasons for implementing LPG included large fiscal imbalances, low growth, foreign reserves and inflation. The reforms opened the Indian economy through measures like increasing foreign investment, trade, privatizing public sectors and integrating with the global economy. The reforms achieved growth but also had challenges like unemployment and increased inequality.
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
Liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy.
Privatization means transfer of ownership and/or management of an enterprise from the public sector to the private sector .It also means the withdrawal of the state from an industry or sector partially or fully.
Globalization implies integration of the economy of the country with the rest of the world economy and opening up of the economy for foreign direct investment by liberalizing the rules and regulations and by creating favorable socio-economic and political climate for global business.
Business Environment project class 12 cbseJacky Chain
PROJECT WORK IN THE SUBJECT OF BUSINESS STUDIES ON THE TOPIC "BUSINESS ENVIRONMENT" AS THE PARTIAL FULFILLMENT OF AISSCE, MARCH 2018 CONDUCTED BY CBSE.
This project contains the information regarding the accountancy project which is to be made by the students of class 12th boards... This project is made by jigar vaishnav for the session 2017-18 with the latest guidelines as per CBSE... Hope this will help the upcoming students who want a help regarding the business studies project....
VIEW THIS PROJECT AT YOUTUBE:- https://www.youtube.com/edit?o=U&video_id=V7b6VQQrjsg
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
Liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy.
Privatization means transfer of ownership and/or management of an enterprise from the public sector to the private sector .It also means the withdrawal of the state from an industry or sector partially or fully.
Globalization implies integration of the economy of the country with the rest of the world economy and opening up of the economy for foreign direct investment by liberalizing the rules and regulations and by creating favorable socio-economic and political climate for global business.
Business Environment project class 12 cbseJacky Chain
PROJECT WORK IN THE SUBJECT OF BUSINESS STUDIES ON THE TOPIC "BUSINESS ENVIRONMENT" AS THE PARTIAL FULFILLMENT OF AISSCE, MARCH 2018 CONDUCTED BY CBSE.
This project contains the information regarding the accountancy project which is to be made by the students of class 12th boards... This project is made by jigar vaishnav for the session 2017-18 with the latest guidelines as per CBSE... Hope this will help the upcoming students who want a help regarding the business studies project....
VIEW THIS PROJECT AT YOUTUBE:- https://www.youtube.com/edit?o=U&video_id=V7b6VQQrjsg
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio An...Dan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Comprehensive Project Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-comprehensive-project-cbse-class-12-accountancy-project
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
Its about economics reforms that were introduced in 1991.
why such reforms were needed ?
what was situation at that time ?
what were the achievement and limitations of economic reforms ?
This presentation explains the conditions which led to the introduction of 1991 economic reforms of India, the key features of the reforms and the impact it created on Indian economy.
Powerpoint Presentation on Demonetisation (1)shenagarg44
On 8th November 2016, government announced Demonetisation of all 500 and 1000 rupees bank notes of the Mahatma Gandhi Series.
It also announced the issuance of new 500 and 2000 rupees banknotes.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio Analysis and Cash Flow Statements with Conclusion)
http://www.slideshare.net/dankjohn/solved-cbse-class-12-accountancy-full-projectcomprehensive-project-ratio-analysis-and-cash-flow-statements-with-conclusion
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
Economics Class 12 CBSE project on GST (Goods and Services Tax)Harjinder Singh
This is a Class 12 Economics Project as per the guidelines 2019-20, CBSE.
Unit: Macroeconomics
Topic: GST (Goods and Services Tax)
▽ Check out my other projects
▽ Accountancy
• Comprehensive Project - 1: https://youtu.be/4y6LY6__yeA
• Analysis of Cash Flow Statement: https://youtu.be/HCa-HBkpHmQ
▽ Business Studies
• Changes in the import and export patterns: https://www.youtube.com/watch?v=lKHgT...
• Changing role of women: https://youtu.be/lvcn-VQgUG8
• MARKETING MANAGEMENT
◦ Beverages: https://www.youtube.com/watch?v=vJxwn...
◦ Mobile: https://www.youtube.com/watch?v=mUq6H...
◦ Sarees: https://youtu.be/s2erj6tkLHw
◦ Toothpaste: https://www.youtube.com/watch?v=JZll_...
• Principles of Management: https://www.youtube.com/watch?v=HzuZ2...
▽ Economics
• Demonetization in India: https://youtu.be/ksnIU6ewifE
• Government Budget & Its Components: https://youtu.be/Uc9EKqBOXAA
Make in India is an initiative of the Government of India to encourage multi-national, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014.India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing China as well as the United States.
The Main Motto of The Government of India is to invite business entities from all over the world to invest in Indian Manufacturing industry. For this GOI is trying to simplify the rules and regulations to invite investment from foreign investors.
Make In India is a new national program designed to transform India into a global manufacturing hub. It contains a raft of proposals designed to urge companies - local and foreign - to invest in India and make the country a manufacturing powerhouse.
The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy.
The initiative also aims at high quality standards and minimising the impact on the environment.
The initiative hopes to attract capital and technological investment in India.
Under the initiative, brochures on the 25 sectors and a web portal were released. Before the initiative was launched, foreign equity caps in various sectors had been relaxed. The application for licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed.
"Disinvestment policy of india" Project workNikhil Gupta
This Project report will give an Idea about the "Disinvestment Policy of India". The project work gives an idea about the Approaches, Objectives, Importance, Criticism, Challanges of the Disinvestment Policy. It will give an idea about the amount received by Disinvestment in India. The project report covers the Union Budget of India 2017.
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio An...Dan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Comprehensive Project Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-comprehensive-project-cbse-class-12-accountancy-project
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
Its about economics reforms that were introduced in 1991.
why such reforms were needed ?
what was situation at that time ?
what were the achievement and limitations of economic reforms ?
This presentation explains the conditions which led to the introduction of 1991 economic reforms of India, the key features of the reforms and the impact it created on Indian economy.
Powerpoint Presentation on Demonetisation (1)shenagarg44
On 8th November 2016, government announced Demonetisation of all 500 and 1000 rupees bank notes of the Mahatma Gandhi Series.
It also announced the issuance of new 500 and 2000 rupees banknotes.
Solved Comprehensive Project Cbse Class 12 Accountancy ProjectDan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio Analysis and Cash Flow Statements with Conclusion)
http://www.slideshare.net/dankjohn/solved-cbse-class-12-accountancy-full-projectcomprehensive-project-ratio-analysis-and-cash-flow-statements-with-conclusion
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
Economics Class 12 CBSE project on GST (Goods and Services Tax)Harjinder Singh
This is a Class 12 Economics Project as per the guidelines 2019-20, CBSE.
Unit: Macroeconomics
Topic: GST (Goods and Services Tax)
▽ Check out my other projects
▽ Accountancy
• Comprehensive Project - 1: https://youtu.be/4y6LY6__yeA
• Analysis of Cash Flow Statement: https://youtu.be/HCa-HBkpHmQ
▽ Business Studies
• Changes in the import and export patterns: https://www.youtube.com/watch?v=lKHgT...
• Changing role of women: https://youtu.be/lvcn-VQgUG8
• MARKETING MANAGEMENT
◦ Beverages: https://www.youtube.com/watch?v=vJxwn...
◦ Mobile: https://www.youtube.com/watch?v=mUq6H...
◦ Sarees: https://youtu.be/s2erj6tkLHw
◦ Toothpaste: https://www.youtube.com/watch?v=JZll_...
• Principles of Management: https://www.youtube.com/watch?v=HzuZ2...
▽ Economics
• Demonetization in India: https://youtu.be/ksnIU6ewifE
• Government Budget & Its Components: https://youtu.be/Uc9EKqBOXAA
Make in India is an initiative of the Government of India to encourage multi-national, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014.India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing China as well as the United States.
The Main Motto of The Government of India is to invite business entities from all over the world to invest in Indian Manufacturing industry. For this GOI is trying to simplify the rules and regulations to invite investment from foreign investors.
Make In India is a new national program designed to transform India into a global manufacturing hub. It contains a raft of proposals designed to urge companies - local and foreign - to invest in India and make the country a manufacturing powerhouse.
The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy.
The initiative also aims at high quality standards and minimising the impact on the environment.
The initiative hopes to attract capital and technological investment in India.
Under the initiative, brochures on the 25 sectors and a web portal were released. Before the initiative was launched, foreign equity caps in various sectors had been relaxed. The application for licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed.
"Disinvestment policy of india" Project workNikhil Gupta
This Project report will give an Idea about the "Disinvestment Policy of India". The project work gives an idea about the Approaches, Objectives, Importance, Criticism, Challanges of the Disinvestment Policy. It will give an idea about the amount received by Disinvestment in India. The project report covers the Union Budget of India 2017.
Best Counselling Centre in Ranchi-Jharkhand-India under aegies of Psychograph...vikas kumar
Psychographic Society (095707-95071), A Vikas Kumar Initiative, is one of the Fastest Growing Counselling centre of India and top destination for students of Ranchi and Jharkhand
Our basic philosophy is Holistic counselling which includes Career Counselling, Psychological Counselling, Pre counselling, Parent counselling, Teachers Interaction, Academic Assessment, Aptitude test, Self Assessment and Self Decision.
However, we also conducted seperate counselling programs also.
Career Counelling (CC):
Goal Setting, CC for Engineering,Medical, Law,Fashion ,BBA.Hotel Management, CA/CS, Defense, Journalism, and all other.
Psychological Counselling: PC
It includes General Psychological Counselling, Exam Stress counselling, Concentration Development, Emotional Stress counselling. We also cater to problems related to depression, aggression, anxiety.
Engineering Pre Counselling Program:EPCP
It includes All India Engineering Entrance Pre Counselling Program, JEE-Main Pre Counselling Program, JEE-Advanced Pre Counselling Program, BITSAT Pre Counselling, VIT Pre Counselling, SRM Pre counselling, Manipal Pre Counselling, KIIT Pre Counselling, COMEDK Pre counselling, WBJEE Pre Counselling and many More
Medical Pre Counselling Program:MPCP
It includes All India Medical Entrance Pre counselling, AIPMT Pre Counselling, AIIMS Pre Counselling , Exam Notification
CLAT-LAW-BBA Pre Counselling Program
It includes CLAT PCP,NIFT PCP, BBA-PCP nd SMS notitication
SIGIR Tutorial on IR Evaluation: Designing an End-to-End Offline Evaluation P...Jin Young Kim
This tutorial aims to provide attendees with a detailed understanding of end-to-end evaluation pipeline based on human judgments (offline measurement). The tutorial will give an overview of the state of the art methods, techniques, and metrics necessary for each stage of evaluation process. We will mostly focus on evaluating an information retrieval (search) system, but the other tasks such as recommendation and classification will also be discussed. Practical examples will be drawn both from the literature and from real world usage scenarios in industry.
Business Environment - Unit-4 - IMBA - Osmania UniversityBalasri Kamarapu
Business Environment - Unit-4 - IMBA - Osmania University
Liberalisation, Privatisation, and Globalisation (LPG) in Indian Economy:
Concept of LPG
Process of LPG followed in India
Globalization and role of WTO
Regional Trading Blocks
India’s Foreign Trade and Agreements with Trading Blocks.
Highlights of the LPG Policy
Foreign Technology Agreements
Foreign Investment
MRTP Act 1969 (Amended)
Industrial Licensing
Deregulation
Beginning of Privatisation
Opportunities for overseas trade
Steps to regulate inflation
Tax reforms
Abolition of License-Permit Raj
Advantages of Globalisation in India
Industrial Licensing
Deregulation
Beginning of Privatisation
Opportunities for overseas trade
Steps to regulate inflation
Tax reforms
Abolition of License-Permit Raj
Advantages of Globalisation in India
Types of Regional Trading Blocs
Trade blocs can be stand-alone agreements between several states (such as the North American Free Trade Agreement (NAFTA) or part of a regional organization (such as the European Union).
Depending on the level of economic integration, the trade blocs can fall into the 6 different categories, such as preferential trading areas, the free trade areas, the customs unions, the common markets, the economic union and monetary unions & the political union.
Preferential Trade Area: Preferential Trade Areas (PTAs) exist when countries within a geographical region agree to reduce or eliminate tariff barriers on selected goods imported from other members of the area. This is often the first small step towards the creation of a trading bloc.
July 1991, India has taken a series of measures to structure the economy and improve the BOP position. The new economic policy introduced changes in several areas.
The policy have salient feature which are :-
Liberalization (internal and external)
Extending Privatization.
Globalization of the economy.
Challenges And Opportunities Of Globalisationloveleenchawla
Globalization: challenges and opportunities
Abstract:
Globalization is a multifaceted phenomenon. The paper identify some of the
Challenges it poses, as well as some of the opportunities it offers. Attention is focused on three major aspects of globalization namely economic, cultural, and political.
During 1990 to 2003, the volume of world trade has increased and the higher and middle-income countries managed to increase their share in world trade mainly due to the opening up of economies because of globalization. The middle-income countries had invited more Foreign Direct Investment during the period and the per capita GDP of the low-income countries was marginally increased. This resulted into the economic inequality, which widened between different income groups. In other words globalization has been confined to developed countries and developing countries were able to participate in the process.
However, globalization should not be accused for loosing share of the low-income countries. These countries suffered from internal problems like rapid rise in population, infrastructure bottlenecks, weak financial markets and so on.
Globalization and its benefits required a conducive environment to ensure higher returns and larger markets for foreign investors. To get a share of global capital, technology and output, developing countries had to upgrade their social and economic institutions through administrative, legislative and legal reforms.
Globalization merely provides opportunities to flourish. Globalization is not a tool to produce equality of outcome but it produces equality of opportunity for those with right mindset. Therefore developing countries require focusing on economic restructuring, developing market-supporting institutions and creating efficient regulatory mechanisms.
The low-income countries cannot survive at their own; they require international assistance and a support mechanism so as to facilitate their participation in the process of globalization. The challenge of the hour is to make globalization work towards global prosperity through disaggregate development. The critically necessity in this context are the collective and cooperative actions which should be realized by all countries of the world and particularly the developed ones.
GLOBALIZATION, GLOBALIZATIONAND ITS IMPACT, DEFINITION OF GLOBALIZATION, GLOBALIZATION IN ECONOMY, HISTORY OF GLOBALIZATION, TYPES OF GLOBALIZATION, IMPACT OF GLOBALIZATION.
Unit: 1 Introduction to Indian Economy : Alternative Development Strategies – Trends in
National Income, Growth and Structure since 1991 - New Industrial Policy 1991 – Recent changes
in Trade Policy - Competition Policy - Public Sector Reform - Privatization and Disinvestments –
Progress of Human Development in India
Unit: 2 Planning and Economic Development : Redefining the Role of the State – Human Capital
Formation in India – Problem of Foreign Aid – Economic Reforms and Reduction of Poverty –
Measures to Remove Regional Disparities
Unit: 3 Indian Industries : Review of Industrial Growth under 10th and 11th Five year plan -
Growth and present state of IT industry in India – Outsourcing, Nationalism and Globalization –
Small Sector Industrial Policy
Unit: 4 a) Foreign Trade: Trends of Exports and Imports of India – Composition of India’s
Foreign Trade - Direction of India’s Foreign Trade – Growth and Structure of India’s Foreign
Trade since 1991 – Balance of Payments since the New Economic Reforms of 1991.
b) Foreign Capital : Need for Foreign Capital – Foreign Investment Inflows – Role of Special
Economic Zones (SEZ)
Unit: 5 India in the Global Setting : India in Global Trade – Liberalization and Integration with
the Global Economy – Globalization Strategies – India’s Foreign Exchange Reserves –
Convertibility of the Rupee – WTO and India.
Just sharing my efforts makes me feel happy and self-satisfied. Feel free to use my works as your project work at school.
Contact me at @ashmitg132@gmail.com
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
2. LPG
Indian economy had experienced major policy
changes in early 1990s. The new economic reform,
popularly known as, Liberalization, Privatization
and Globalization (LPG model)
It was aimed at making the Indian economy as
fastest growing economy and globally competitive.
The series of reforms undertaken with respect to
industrial sector, trade as well as financial sector
aimed at making the economy more efficient.
3. REASONS FOR IMPLEMENTING LPG
Large and growing fiscal imbalances.(Gross
fiscal deficit rose to 12.1% of GDP in 1991).
Growing inefficiency in the use of resources.
Low foreign exchange reserves.($1.2 billion in
January 1991)
High inflation rate.(13.87% in year 1990-91)
The low annual growth rate of Indian economy
stagnated around 3.5% from 1950s to 1980s,
while per capita income averaged 1.3%.
4. • India opened up the economy in the early
nineties following a major crisis that led by a
foreign exchange crunch that dragged the
economy close to defaulting on loans.
• The response was a number of Domestic and
external sector policy measures partly
prompted by the immediate needs and partly
by the demand of the multilateral
organizations.
• The new policy regime radically pushed
forward in favor of a more open and market
oriented economy.
Impact on India
5.
6. LIBERALIZATION
It means the process of opening up of the Indian economy to trade and
investment with the rest of the world.
It means that opening the Door for doing Business to all over the world.
Till 1991 India had a import protection policy wherein trade with the rest of
the world was limited to exports.
Foreign investment was very difficult to come into India due to a
bureaucratic framework.
After the start of the economic liberalization, India started getting huge
capital inflows and it has emerged as the 2nd fastest growing country in the
world.
7. MEASURES TAKEN FOR LIBERLIZATION
Freedom for expansion and production to industries.
Increase in the investment limit of the small industries.
Freedom to import the capital goods and raw materials.
Freedom to import technology.
Liberalization of export and import transactions.
Liberalization in taxation policy.
Liberalization in capital markets.
Liberalization in banking sector.
Increase the foreign investment.
Increase the foreign exchange reserve.
Increase in consumption.
Control over price.
Check on corruption.
Reduction in dependence on external commercial borrowings.
8.
9. BENEFITS OF LIBERLIZATION
Increase the foreign investment.
Increase the foreign exchange reserve.
Increase in consumption.
Control over price.
Check on corruption.
Reduction in dependence on external commercial
borrowings.
10. LIMITATIONS OF
LIBERLIZATION
Increase in unemployment.
Loss to domestic units
Increase dependence on foreign nations.
Unbalanced development.
Increase the imbalances.
11.
12. PRIVATIZATION
Privatization means transfer of ownership and/or
management of an enterprise from the public sector to
the private sector .
Privatization is opening up of an industry that has been
reserved for public sector to the private sector.
Privatization means replacing government monopolies
with the competitive pressures of the marketplace to
encourage efficiency, quality and innovation in the
delivery of goods and services.
13. Disinvestment
Privatization of PSUs by selling off part of the equity (share)
to the public is known as disinvestment.
The purpose of Disinvestment is to improve financial
discipline and to facilitate modernization. Private capital and
managerial capabilities would improve the efficiency of
PSUs.
Government adopted following two main methods for
disinvestment:
1. Minority Sale: Equity is offered to investors through
domestic public issue. The govt transfers minority share to
private persons. The management control is not
transferred.
2. Strategic Sale: Govt sells majority share above 51% to the
14. MEASURES ADOPT FOR
PRIVATIZATION
Contractions of public sectors.
Sales shares of public sectors to the private sector.
Sick public sector industries.
Memorandum of understanding.
National renewal fund.
15. ADVANTAGES OF
PRIVATIZATION
Increase in efficiency.
Professional management.
Increase in competition.
In line with international trends.
Reduction in political interference.
Encourage to new innovations.
Increase the industrial growth.
Increase the foreign investment.
Reduction in public sector.
16. LIMITATIONS OF PRIVATIZATION
Industrial sickness.
Lack of welfare.
Class struggle.
Increase in inequality.
Opposition by employees.
Political pressure.
Increase in unemployment.
Ignores the weaker sections.
17. Successful Privatizations in India
Lagan jute machinery company limited (LJMC)
{Gross turnover: pre-privatization= Rs. 6 million (april-june 2000),
post-privatization= Rs. 24 million (july-september 2000)}
Modern food industries limited (MFIL)
{Share value went up from Rs. 2138 on 30th Dec.(prior to sale) to
Rs. 3247 on 25th Feb.(post sale).}
Paradeep Phosphates Limited (PPL)
{Net profit: pre sale= Rs. -57.95 Cr., post sale= Rs. 23.96 Cr.}
Bharat aluminum company limited (BALCO)
Hotel Corporation of India limited (HCI)
Hindustan Zinc limited (HZL)
18.
19. GLOBALIZATION
It means that opening up of the economy for foreign
direct investment by liberalizing the rules and
regulations and by creating favorable socio-economic
and political climate for global business.
Opening and planning to expand business
throughout the world.
Buying and selling goods and services from/to any
countries in the world.
20.
21. MEASURES ADOPTED FOR GLOBALIZATION
Increase the foreign investment.
Partial convertibility of Indian Rupee.
Foreign trade policy.
Reduction of tariffs.
Export promotion.
Freedom of repatriate.
22. POSITIVE EFFECT OF
GLOBALIZATION
Increase in foreign trade.
Increase in foreign investment.
Foreign direct investment.
Increase in foreign collaboration.
Increase in foreign exchange reserves.
Expansion of market.
Technological development.
Brand development.
Development of service sectors.
Development of capital market.
Increase in employment.
Improvement in standard of living.
23. NEGATIVE EFFECTS OF
GLOBALIZATION
Loss of domestic industries.
Unemployment.
Exploitation of labour.
Demonstration effect.
Increase in inequalities.
Dominance of foreign institutions.
24. Main organizations facilitating
Globalization
Some of the international organizations which facilitate
the process of globalization:
• International Monetary Fund (IMF)
• World Bank
• World Trade Organization (WTO)
27. CONCLUSION
On the whole it can be concluded that
changes across Euro, USA and other
countries have significantly changed the Indian
economy. India has realized that its business
can’t survive without focusing on changes in
other countries. Indian economy has become a
major economy of the world and a significant
trading partner. In the new era, India is looking
at the potentials of the new products.
28. C o n c l u s i o n
Indian economy has made rapid strides in the process of globalisation.
Globalisation is increasing the integration of national markets and the
interdependence of countries world wide for a wide range of goods, services,
and commodities.
The most important lesson that we must learn from the crisis is that we must be
self-reliant.
India’s trade reform programme resulted in strong economic growth in the
globalization age.
In particular, difficult decisions are to redress the fiscal imbalance, by reducing
subsidies, completing the process of tariff and tax reform, and stepping-up
privatization of state-owned enterprises.
The efforts are needed to balance the trade and consider expansion of trade in
other countries of the world.