SlideShare a Scribd company logo
KAUSHIK JAISWAL
7276888855 kaushjaiswal@gmail.com
INTRODUCTION
❑ In July 1991,India has taken a series of measures to structure
the economy and improve the Balance Of Payment position.
❑ The new economic policy introduced changes in several
areas.
❑ The policy have salient feature which are: -
23-01-2023
Kaushik Jaiswal
2
1.Liberlisation
(internal and
external)
2.Extending
Privatization
3.Globalisation of
the economy
REASONS FOR IMPLEMENTING LPG
23-01-2023
Kaushik Jaiswal
3
Excess of consumption and expenditure over revenue resulting in
heavy govt. borrowings.
Growing inefficiency on the use of resources.
Over protection to industries.
Mismanagement of the firm and the economy.
Increase in losses for public sector enterprises.
Various distortion like poor technological development, shortage of
foreign exchange and borrowing from abroad.
Low foreign exchange reserves.
Inflation.
LIBERALIZATION
Liberalization is a very broad term that usually refers to fewer
government regulations and restrictions in the economy.
Liberalization refers to the relaxation of the previous government
restriction usually in area of social and economic policies.
❑ When government liberalized trade, it means it has removed
the tariff, subsidies and other restriction on the flow of goods
and services between the countries.
23-01-2023
Kaushik Jaiswal
4
OBJECTIVES OF LIBERALIZATION
23-01-2023
Kaushik Jaiswal
5
To increase competition amongst domestic
industries.
To encourage foreign trade with other countries with
regulated imports and exports.
Enhancement of foreign capital and technology.
To expand global market frontiers of the country.
To diminish the debt burden of the country.
THE PATH OF LIBERALIZATION
23-01-2023
Kaushik Jaiswal
6
Relief for
foreign
investors
New industrial
Policy
New trade
policy
Removal of
import
Restrictions
Liberalization
of NRI
remittances
Freedom to
import
technology
Encouraging
foreign tie-ups
MRTP(Monopolistic and Restrictive
Trade Practices) relaxation
Privatization of public
sector
ADVANTAGES OF LIBERALIZATION
23-01-2023
Kaushik Jaiswal
7
Increase the foreign investment.
Increase the foreign exchange
reserve.
Increase in consumption and Control
over price.
Check on corruption.
Reduction in dependence on external
commercial borrowings.
DISADVANTAGES OF LIBERALIZATION
23-01-2023
Kaushik Jaiswal
8
Increase in unemployment
Loss to domestic units
Unbalanced development
Increased dependence on foreign
nations
PRIVATIZATION
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.
❑ Privatization is opening 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.
23-01-2023
Kaushik Jaiswal
9
NEED FOR PRIVATISATION
❑ A sizable number of PSUs have been incurring and reporting losses on a
continual basis.
❑ Multiplicity of authorities to whom the PSUs are accountable;
❑ Delay in implementation of projects leading to cost escalation and other
consequences;
❑ Ineffective and widespread inefficiency on management;
❑ With a view to provide opportunities for more and more unemployed
youths, a greater number of people, than required, were recruited and
therefore, many PSUs are over-staffed resulting in lower labour productivity,
bad industrial relations, etc.;
❑ Several sick companies (40 companies) which were in the private sector
was taken over by public sector mainly to protect the employees. These
sick units are causing a big drain on the resources of the state; etc.
23-01-2023
Kaushik Jaiswal
10
PRIVATIZATION ROUTES
The important ways of privatization are:
❑ Privatization of ownership, through the sales of equity.
❑ Denationalization or reprivatisation.
❑ Contracting - under which government contracts out services to other
organizations that produce and deliver them.
❑ Franchising - authorizing the delivery of certain services in designated
geographical areas- is common in utilities and urban transport.
❑ Government withdrawing from the provision of certain goods and
services leaving them wholly or partly to the private sector.
❑ Privatization of management, using leases and management contracts
❑ Liquidation, which can be either formal or informal. Formal liquidation
involves the closure of an enterprise and the sale of its assets. Under
informal liquidation, a firm retains its legal status even though some or all
of its operations may be suspended.
23-01-2023
Kaushik Jaiswal
11
OBJECTIVES OF PRIVATIZATION
23-01-2023
Kaushik Jaiswal
12
Improve the financial situation of the government.
Reduce the workload of public sector companies.
Raise funds from disinvestment.
Increase the efficiency of government
organizations.
Provide better and improved goods and services
to the consumer.
Create healthy competition in the society.
Encouraging foreign direct investments (FDI) in
India.
ADVANTAGES OF PRIVATIZATION
23-01-2023
Kaushik Jaiswal
13
Privatization helps to reduce the burden on
Govt.
It will help profit-making public-sector unit
to modernize and diversify their business.
It will help in making public sector unit
more competitive.
It will help improve the quality of decision
making, because of no political
interference.
Privatization may help in reviving sick units
which are the liability of the public sector.
Increase in
efficiency.
Industrial
growth.
Increase the
foreign
investment.
DISADVANTAGES OF PRIVATIZATION
23-01-2023
Kaushik Jaiswal
14
Industrial sickness.
Lack of welfare.
Increase in inequality
Opposition by employees.
Problem of financing.
Increase in unemployment.
Ignores the weaker sections.
Ignores the national importance
DISINVESTMENT
Disinvestment can also be defined as the action of an
organisation selling or liquidating an asset or subsidiary.
❑ The government had appointed a committee under the
chairmanship of C. Rang Rajan to study and recommend new
measures to make privatization more effective.
❑ The committee submitted its report in 1993 which suggested the
sectors where privatization was needed and suggested
government to set up an autonomous body to monitor
disinvestment.
23-01-2023
Kaushik Jaiswal
15
GLOBALIZATION
Globalization implies integration of the economy of the country
with the rest of the world economy and opening of the economy
for foreign direct investment by liberalizing the rules and
regulations and by creating favourable socio-economic and
political climate for global business.
❑ The term globalization refers to the integration of economies of the world
through uninhibited trade and financial flows.
❑ This implies free flow of goods and services, capital, technology and labour
across national boundaries.
23-01-2023
Kaushik Jaiswal
16
FEATURES OF GLOBALIZATION
❑ Opening and planning to expand business throughout the
world.
❑ Erasing the difference between domestic market and foreign
market.
❑ Buying and selling goods and services from/to any countries in
the world.
❑ Locating the production and other physical facilities on a
consideration of the global business dynamics, irrespective of
national consideration.
❑ Global sourcing of factor of production i.e. raw-material,
components, machinery, technology, finance etc. are
obtained from the best source anywhere in the world.
23-01-2023
Kaushik Jaiswal
17
STAGES OF GLOBALISATION
There are five different stages in the development of a firm into global corporations.
❑ First stage The first stage is the arm’s length service activity of essentially domestic
company, which moves into new markets overseas by linking up with local
dealers and distributors.
❑ Second stage In the stage two, the company takes over these activities on its
own.
❑ Third stage In the next stage, the domestic based company begins to carry out
its own manufacturing, marketing and sales in the key foreign markets.
❑ Fourth stage In the stage four, the company moves to a full insider position in
these markets, supported by a complete business system including R & D and
engineering. This stage calls on the managers to replicate in a new environment
the hardware, systems and operational approaches that have worked so well at
home.
❑ Fifth stage In the fifth stage, the company moves toward a genuinely global
mode of operation.
23-01-2023
Kaushik Jaiswal
18
FOREIGN MARKET ENTRY STRATEGIES
23-01-2023
Kaushik Jaiswal
19
Exporting
Licensing/
Franchising
Contract
manufacturing
Management
contract
Assembly
operations
Fully owned
manufacturing
facilities
Joint venturing
Merger and
acquisition
Strategic
alliance
Countertrade
POSITIVE EFFECTS OF GLOBALIZATION
23-01-2023
Kaushik Jaiswal
20
Free flow of capital and increase in the total capital.
Free flow of technology.
Increase in industrialization.
Higher Standard of living.
Balanced human development.
Increase in jobs and income.
Commodities at lower price with high quality.
Increase in production and consumption.
Balanced development of world economies.
Spread of production facilities throughout the globe.
NEGATIVE EFFECTS OF GLOBALIZATION
23-01-2023
Kaushik Jaiswal
21
Unemployment
Decline in income
Exploits Human resource
Loss of domestic industries
Transfer of natural resources
Dominance of foreign institutions
Widening gap between rich and poor
Lead to commercial & political colonism
India’s Top Trading Partners in FY 2021-22 (in US$ Billion)
Country Export Import Total trade Trade balance
US 76,167.01 43,314.07 119,481.08 32,852.94
China 21,259.79 94,570.57 115,830.36 -73,310.78
UAE 28,044.88 44,833.48 72,878.36 -16,788.60
Saudi Arabia 8,758.94 34,100.58 42,859.52 -25,341.64
Iraq 2,403.27 31,927.05 34,330.33 -29,523.78
Singapore 11,150.61 18,962.19 30,112.80 -7,811.58
Hong Kong 10,984.80 19,096.61 30,081.41 -8,111.81
Indonesia 8,471.51 17,702.83 26,174.34 -9,231.31
Korea Rp 8,085.03 17,477.20 25,562.24 -9,392.17
Australia 8,283.13 16,756.17 25,039.30 -8,473.04
See : Trading Partners of India
Rank Country Exports Imports Total Trade Trade Balance
1 United States 76.11 43.31 119.42 32.80
2 China 21.25 94.16 115.41 -72.91
3 United Arab Emirates 28.10 44.80 72.90 -16.7
4 Saudi Arabia 8 34.00 42 -28
5 Russia 1.00 21.00 22.00 -20.00
6 Germany 8.21 13.69 21.9 -5.48
7 Hong Kong 13.7 20.34 34.04 -6.64
8 Indonesia 4.12 15.06 19.18 -10.94
9 South Korea 4.85 15.65 20.5 -10.8
10 Malaysia 3.71 9.08 16.93 -5.30
Kaushik Jaiswal
111.63
65.04
38.94
29.15
0
20
40
60
80
100
120
Engineering
Goods
Petroleum
Products
Gems &
Jewellery
Organic &
Inorganic
Chemicals
Key Export Products (FY22) (US$
Billion)
Exports
160.7
73.1
46.1
39.9
0
20
40
60
80
100
120
140
160
180
Petroleum
Products
Electronic
Goods
Gold Machinery,
Electric & Non-
electric
Key Import Products (FY22)
(US$ Billion)
Imports
Kaushik Jaiswal
INDIA EXPORTS
23-01-2023
Kaushik Jaiswal
24
o Exports from India fell to
B$ 29.78 in Oct 2022
from B $35.45 in the
previous month.
o A year earlier, exports
were 17% higher at
B$ 35.73
o Considering April to Oct,
exports rose 12.55% to
B$ 263.35
See : India Exports
INDIA IMPORTS
23-01-2023
Kaushik Jaiswal
25
See : India Imports
o Imports to India
declined to B$ 56.69 in
Oct 2022 from B$ 61.16
in Sept, the lowest in
eight months and
compared to B$53.64 a
year earlier.
o Considering April to Oct,
imports advanced
33.12% to B$ 436.81.
INDIA BALANCE OF TRADE
23-01-2023
Kaushik Jaiswal
26
o India's trade deficit
widened to $26.91 B in
Oct ’22 from $25.71 B in
Sept.
o Exports fell to $29.78
B from $35.45 B in the
previous month. A year
earlier, exports were
17% higher at $35.73 B.
o Imports declined to
$56.69 B from $61.16 B.
See : Balance of Trade
INDIA FOREIGN EXCHANGE RESERVES
23-01-2023
Kaushik Jaiswal
27
o Forex Reserves in India
increased to 5,50,140
USD Million in 2022
Nov 25 from 5,44,720
USD million in the
previous week.
GROSS DOMESTIC PRODUCT
23-01-2023
Kaushik Jaiswal
28
o The GDP in India was
worth 3173.40 billion US
dollars in 2021, according
to official data from the
World Bank.
o The GDP value of India
represents 0.21% of the
world economy.
SENSEX
23-01-2023
Kaushik Jaiswal
29
NIFTY 50
23-01-2023
Kaushik Jaiswal
30
USD-INR
23-01-2023
Kaushik Jaiswal
31
INDIA IMPORTS BY COUNTRY - 2021
23-01-2023
Kaushik Jaiswal
32
INDIA IMPORTS BY CATEGORY - 2021
23-01-2023
Kaushik Jaiswal
33
INDIA EXPORTS BY COUNTRY - 2021
23-01-2023
Kaushik Jaiswal
34
INDIA EXPORTS BY CATEGORY - 2021
23-01-2023
Kaushik Jaiswal
35
INDIA’S SHARE IN GLOBAL TRADE
23-01-2023
Kaushik Jaiswal
36
% SHARE OF THE GLOBAL ECONOMY
23-01-2023
Kaushik Jaiswal
37
GDP BASED ON SHARE OF 2021 WORLD TOTAL, IN %
23-01-2023
Kaushik Jaiswal
38
TOP 10 GDPS – 2022
23-01-2023
Kaushik Jaiswal
39
Country
Nominal GDP
(in trillions)
PPP Adjusted GDP
(in trillions)
Annual Growth (%) GDP Per Capita
United States $23.0 $23.0 5.7% $69,287
China $17.7 $27.3 8.1% $12,556
Japan $4.9 $5.4 1.6% $39,285
Germany $4.2 $4.8 2.9% $50,801
United Kingdom $3.2 $3.3 7.4% $47,334
India $3.2 $10.2 8.9% $2,277
France $2.9 $3.4 7.0% $43,518
Italy $2.1 $2.7 6.6% $35,551
Canada $2.0 $2.0 4.6% $52,051
South Korea $1.8 $2.4 4.0% $34,757
See : Top Economies of world
THANK YOU..!
KAUSHIK JAISWAL
7276888855 kaushjaiswal@gmail.com

More Related Content

What's hot

Industrial policy
Industrial policyIndustrial policy
Industrial policy
Bishal Sharma
 
economy of pakistan green revolution land reforms
economy of pakistan green revolution land reformseconomy of pakistan green revolution land reforms
economy of pakistan green revolution land reforms
uzmaiiui
 
Industrial location weber and sargent theory
Industrial location weber and sargent theoryIndustrial location weber and sargent theory
Industrial location weber and sargent theory
Sunita Sukhija
 
New industrial policy, 1991
New industrial policy, 1991New industrial policy, 1991
New industrial policy, 1991
Sunita Sukhija
 
India's balance of payments
India's balance of paymentsIndia's balance of payments
India's balance of payments
Nishant Pahad
 
Industrial imbalance
Industrial imbalanceIndustrial imbalance
Industrial imbalance
VijaySomasePatil
 
Industrial sector
Industrial sector Industrial sector
Industrial sector
fatimazaheer12
 
Mutual Fund MBA project by NikunjHOT
Mutual Fund MBA project by NikunjHOTMutual Fund MBA project by NikunjHOT
Mutual Fund MBA project by NikunjHOT
nikunjhot
 
Indian banking system
Indian banking systemIndian banking system
Indian banking system
Ujjwal 'Shanu'
 
Theory of unbalanced_growth
Theory of unbalanced_growthTheory of unbalanced_growth
Theory of unbalanced_growth
maya0311
 
Short Presentation For Disinvestment By Government Of India In PSUs
Short Presentation For Disinvestment By Government Of India In PSUsShort Presentation For Disinvestment By Government Of India In PSUs
Short Presentation For Disinvestment By Government Of India In PSUs
Swaraj Mishra
 
Rural urban migration
Rural urban migrationRural urban migration
Rural urban migration
Mangasini Katundu
 
Developmentalist theories of economic development
Developmentalist theories of economic development Developmentalist theories of economic development
Developmentalist theories of economic development
arslan_bzu
 
Cash flow statement
Cash flow statementCash flow statement
Cash flow statement
Pavan Wani
 
Industrial monopoly
Industrial monopolyIndustrial monopoly
Industrial monopoly
Sunita Sukhija
 
The Peacock-Wiseman hypothesis
The Peacock-Wiseman hypothesisThe Peacock-Wiseman hypothesis
The Peacock-Wiseman hypothesis
Sujay Phatak
 
Ppt on disinvestment
Ppt on disinvestmentPpt on disinvestment
Ppt on disinvestment
madydey
 
Process of venture capital & pvt eq. funding
Process of venture capital & pvt eq. fundingProcess of venture capital & pvt eq. funding
Process of venture capital & pvt eq. funding
Aakash Jain
 
Public debt in india
Public debt in indiaPublic debt in india
Public debt in india
heerkhant
 
Redemption of public debt
Redemption of public debtRedemption of public debt
Redemption of public debt
2425140
 

What's hot (20)

Industrial policy
Industrial policyIndustrial policy
Industrial policy
 
economy of pakistan green revolution land reforms
economy of pakistan green revolution land reformseconomy of pakistan green revolution land reforms
economy of pakistan green revolution land reforms
 
Industrial location weber and sargent theory
Industrial location weber and sargent theoryIndustrial location weber and sargent theory
Industrial location weber and sargent theory
 
New industrial policy, 1991
New industrial policy, 1991New industrial policy, 1991
New industrial policy, 1991
 
India's balance of payments
India's balance of paymentsIndia's balance of payments
India's balance of payments
 
Industrial imbalance
Industrial imbalanceIndustrial imbalance
Industrial imbalance
 
Industrial sector
Industrial sector Industrial sector
Industrial sector
 
Mutual Fund MBA project by NikunjHOT
Mutual Fund MBA project by NikunjHOTMutual Fund MBA project by NikunjHOT
Mutual Fund MBA project by NikunjHOT
 
Indian banking system
Indian banking systemIndian banking system
Indian banking system
 
Theory of unbalanced_growth
Theory of unbalanced_growthTheory of unbalanced_growth
Theory of unbalanced_growth
 
Short Presentation For Disinvestment By Government Of India In PSUs
Short Presentation For Disinvestment By Government Of India In PSUsShort Presentation For Disinvestment By Government Of India In PSUs
Short Presentation For Disinvestment By Government Of India In PSUs
 
Rural urban migration
Rural urban migrationRural urban migration
Rural urban migration
 
Developmentalist theories of economic development
Developmentalist theories of economic development Developmentalist theories of economic development
Developmentalist theories of economic development
 
Cash flow statement
Cash flow statementCash flow statement
Cash flow statement
 
Industrial monopoly
Industrial monopolyIndustrial monopoly
Industrial monopoly
 
The Peacock-Wiseman hypothesis
The Peacock-Wiseman hypothesisThe Peacock-Wiseman hypothesis
The Peacock-Wiseman hypothesis
 
Ppt on disinvestment
Ppt on disinvestmentPpt on disinvestment
Ppt on disinvestment
 
Process of venture capital & pvt eq. funding
Process of venture capital & pvt eq. fundingProcess of venture capital & pvt eq. funding
Process of venture capital & pvt eq. funding
 
Public debt in india
Public debt in indiaPublic debt in india
Public debt in india
 
Redemption of public debt
Redemption of public debtRedemption of public debt
Redemption of public debt
 

Similar to Unit 3 - Liberalization, Privatization & Globalization

Lpg
LpgLpg
New Economic Reforms and LPG 1991
New Economic Reforms and LPG 1991New Economic Reforms and LPG 1991
New Economic Reforms and LPG 1991
Shruti Kumari
 
Final industrial policies
Final  industrial policiesFinal  industrial policies
Final industrial policies
MOHAMMED SAQIB
 
Economic reforms
Economic reformsEconomic reforms
Economic reforms
Mamta Madhotra
 
Economicreforms 101101094318-phpapp01
Economicreforms 101101094318-phpapp01Economicreforms 101101094318-phpapp01
Economicreforms 101101094318-phpapp01
Siddharth Singh
 
LPG- Liberalisation Privatisation Globalisation
LPG- Liberalisation Privatisation GlobalisationLPG- Liberalisation Privatisation Globalisation
LPG- Liberalisation Privatisation Globalisation
Sudeep Srivastava
 
Lpg worthy
Lpg worthyLpg worthy
Lpg worthy
Siddharth Singh
 
LIBRALISATION PRIVATISATION AND GLOBALISATION
LIBRALISATION PRIVATISATION AND GLOBALISATIONLIBRALISATION PRIVATISATION AND GLOBALISATION
LIBRALISATION PRIVATISATION AND GLOBALISATION
Sourabh Modgil
 
Liberalisationprivatisationandglobalisation 130725021039-phpapp02
Liberalisationprivatisationandglobalisation 130725021039-phpapp02Liberalisationprivatisationandglobalisation 130725021039-phpapp02
Liberalisationprivatisationandglobalisation 130725021039-phpapp02
anushkaranade
 
Privatisation and public sector in india
Privatisation and public sector in indiaPrivatisation and public sector in india
Privatisation and public sector in india
Dr. J. Jayapradha Varma
 
Liberalisation, privatisation and globalisation.
Liberalisation, privatisation and globalisation.Liberalisation, privatisation and globalisation.
Liberalisation, privatisation and globalisation.
Sweetp999
 
Globalisation and privatisation
Globalisation and privatisationGlobalisation and privatisation
Globalisation and privatisation
Jaisha Jaikishan
 
LPG POLICIES
LPG POLICIESLPG POLICIES
LPG POLICIES
palash maheshwari
 
liberalisation privatisation globalisation (LPG)
liberalisation privatisation globalisation (LPG)liberalisation privatisation globalisation (LPG)
liberalisation privatisation globalisation (LPG)
Ganesh Krishnan
 
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptxBBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
Prof. Kanchan Kumari
 
NEW Industrial policy 1991.pptx
NEW Industrial policy 1991.pptxNEW Industrial policy 1991.pptx
NEW Industrial policy 1991.pptx
doodlepanda
 
Privatization
PrivatizationPrivatization
Privatization
Shashi Singh
 
LPG
LPG LPG
Lpg
LpgLpg
New Economic Policy
New Economic PolicyNew Economic Policy
New Economic Policy
IIPM
 

Similar to Unit 3 - Liberalization, Privatization & Globalization (20)

Lpg
LpgLpg
Lpg
 
New Economic Reforms and LPG 1991
New Economic Reforms and LPG 1991New Economic Reforms and LPG 1991
New Economic Reforms and LPG 1991
 
Final industrial policies
Final  industrial policiesFinal  industrial policies
Final industrial policies
 
Economic reforms
Economic reformsEconomic reforms
Economic reforms
 
Economicreforms 101101094318-phpapp01
Economicreforms 101101094318-phpapp01Economicreforms 101101094318-phpapp01
Economicreforms 101101094318-phpapp01
 
LPG- Liberalisation Privatisation Globalisation
LPG- Liberalisation Privatisation GlobalisationLPG- Liberalisation Privatisation Globalisation
LPG- Liberalisation Privatisation Globalisation
 
Lpg worthy
Lpg worthyLpg worthy
Lpg worthy
 
LIBRALISATION PRIVATISATION AND GLOBALISATION
LIBRALISATION PRIVATISATION AND GLOBALISATIONLIBRALISATION PRIVATISATION AND GLOBALISATION
LIBRALISATION PRIVATISATION AND GLOBALISATION
 
Liberalisationprivatisationandglobalisation 130725021039-phpapp02
Liberalisationprivatisationandglobalisation 130725021039-phpapp02Liberalisationprivatisationandglobalisation 130725021039-phpapp02
Liberalisationprivatisationandglobalisation 130725021039-phpapp02
 
Privatisation and public sector in india
Privatisation and public sector in indiaPrivatisation and public sector in india
Privatisation and public sector in india
 
Liberalisation, privatisation and globalisation.
Liberalisation, privatisation and globalisation.Liberalisation, privatisation and globalisation.
Liberalisation, privatisation and globalisation.
 
Globalisation and privatisation
Globalisation and privatisationGlobalisation and privatisation
Globalisation and privatisation
 
LPG POLICIES
LPG POLICIESLPG POLICIES
LPG POLICIES
 
liberalisation privatisation globalisation (LPG)
liberalisation privatisation globalisation (LPG)liberalisation privatisation globalisation (LPG)
liberalisation privatisation globalisation (LPG)
 
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptxBBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
BBA 205 UNIT 3 INDUSTRIAL POLICY dr kanchan.pptx
 
NEW Industrial policy 1991.pptx
NEW Industrial policy 1991.pptxNEW Industrial policy 1991.pptx
NEW Industrial policy 1991.pptx
 
Privatization
PrivatizationPrivatization
Privatization
 
LPG
LPG LPG
LPG
 
Lpg
LpgLpg
Lpg
 
New Economic Policy
New Economic PolicyNew Economic Policy
New Economic Policy
 

More from Kaushik Jaiswal

Unit 6 - Marketing Communication & Promotion
Unit 6 - Marketing Communication & PromotionUnit 6 - Marketing Communication & Promotion
Unit 6 - Marketing Communication & Promotion
Kaushik Jaiswal
 
Unit 5 - Marketing Mix & Pricing Methods
Unit 5 - Marketing Mix & Pricing MethodsUnit 5 - Marketing Mix & Pricing Methods
Unit 5 - Marketing Mix & Pricing Methods
Kaushik Jaiswal
 
Unit 4 - Market Segmentation & Marketing
Unit 4 - Market Segmentation & MarketingUnit 4 - Market Segmentation & Marketing
Unit 4 - Market Segmentation & Marketing
Kaushik Jaiswal
 
Unit 3 - Marketing Environment & It's Impact
Unit 3 - Marketing Environment & It's ImpactUnit 3 - Marketing Environment & It's Impact
Unit 3 - Marketing Environment & It's Impact
Kaushik Jaiswal
 
Unit 2 - Introduction to Marketing Management
Unit 2 - Introduction to Marketing ManagementUnit 2 - Introduction to Marketing Management
Unit 2 - Introduction to Marketing Management
Kaushik Jaiswal
 
Unit 1 - Market And Marketing (Marketing Management)
Unit 1 - Market And Marketing (Marketing Management)Unit 1 - Market And Marketing (Marketing Management)
Unit 1 - Market And Marketing (Marketing Management)
Kaushik Jaiswal
 

More from Kaushik Jaiswal (6)

Unit 6 - Marketing Communication & Promotion
Unit 6 - Marketing Communication & PromotionUnit 6 - Marketing Communication & Promotion
Unit 6 - Marketing Communication & Promotion
 
Unit 5 - Marketing Mix & Pricing Methods
Unit 5 - Marketing Mix & Pricing MethodsUnit 5 - Marketing Mix & Pricing Methods
Unit 5 - Marketing Mix & Pricing Methods
 
Unit 4 - Market Segmentation & Marketing
Unit 4 - Market Segmentation & MarketingUnit 4 - Market Segmentation & Marketing
Unit 4 - Market Segmentation & Marketing
 
Unit 3 - Marketing Environment & It's Impact
Unit 3 - Marketing Environment & It's ImpactUnit 3 - Marketing Environment & It's Impact
Unit 3 - Marketing Environment & It's Impact
 
Unit 2 - Introduction to Marketing Management
Unit 2 - Introduction to Marketing ManagementUnit 2 - Introduction to Marketing Management
Unit 2 - Introduction to Marketing Management
 
Unit 1 - Market And Marketing (Marketing Management)
Unit 1 - Market And Marketing (Marketing Management)Unit 1 - Market And Marketing (Marketing Management)
Unit 1 - Market And Marketing (Marketing Management)
 

Recently uploaded

THE STORY COMMUNICATION Credential 2024.pptx
THE STORY COMMUNICATION Credential 2024.pptxTHE STORY COMMUNICATION Credential 2024.pptx
THE STORY COMMUNICATION Credential 2024.pptx
huyenngo62
 
Growth Marketing Portfolio - Priyanka Srivastava
Growth Marketing Portfolio - Priyanka SrivastavaGrowth Marketing Portfolio - Priyanka Srivastava
Growth Marketing Portfolio - Priyanka Srivastava
PriyankaSrivastava508477
 
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
uvnuc
 
Facebook Marketing Strategy with SNJ Global Services.pptx
Facebook Marketing Strategy with SNJ Global Services.pptxFacebook Marketing Strategy with SNJ Global Services.pptx
Facebook Marketing Strategy with SNJ Global Services.pptx
sarfrazkhanm47
 
Top 10 AI Trends to Watch in 2024 with Intelisync
Top 10 AI Trends to Watch in 2024 with IntelisyncTop 10 AI Trends to Watch in 2024 with Intelisync
Top 10 AI Trends to Watch in 2024 with Intelisync
nehapardhi711
 
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdfHow to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
SimpleMoneyMaker
 
3 Best “Add to Calendar” Link Generator Tools (2024)
3 Best  “Add to Calendar”  Link Generator Tools (2024)3 Best  “Add to Calendar”  Link Generator Tools (2024)
3 Best “Add to Calendar” Link Generator Tools (2024)
Y
 
2024 Trend Updates: What Really Works In SEO & Content Marketing
2024 Trend Updates: What Really Works In SEO & Content Marketing2024 Trend Updates: What Really Works In SEO & Content Marketing
2024 Trend Updates: What Really Works In SEO & Content Marketing
Search Engine Journal
 
2024 case study-SHEIN Analysis-Final.pdf
2024 case study-SHEIN Analysis-Final.pdf2024 case study-SHEIN Analysis-Final.pdf
2024 case study-SHEIN Analysis-Final.pdf
Sun.Lee
 
DTA Promotion - Marketing Specialist Assignment
DTA Promotion - Marketing Specialist AssignmentDTA Promotion - Marketing Specialist Assignment
DTA Promotion - Marketing Specialist Assignment
Amal Agung Cahyadi
 
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
dqvc9xf1
 
What Software is Used in Marketing in 2024.
What Software is Used in Marketing in 2024.What Software is Used in Marketing in 2024.
What Software is Used in Marketing in 2024.
Ishaaq6
 
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
Higher Education Marketing
 
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
sk1987009
 
Why bridging the gap between PR and SEO is the only way forward for PR Profes...
Why bridging the gap between PR and SEO is the only way forward for PR Profes...Why bridging the gap between PR and SEO is the only way forward for PR Profes...
Why bridging the gap between PR and SEO is the only way forward for PR Profes...
Isa Lavs
 
Viapulsa - Content Strategist Assignment
Viapulsa - Content Strategist AssignmentViapulsa - Content Strategist Assignment
Viapulsa - Content Strategist Assignment
Amal Agung Cahyadi
 
一比一原版美国加州大学戴维斯分校毕业证如何办理
一比一原版美国加州大学戴维斯分校毕业证如何办理一比一原版美国加州大学戴维斯分校毕业证如何办理
一比一原版美国加州大学戴维斯分校毕业证如何办理
ceqcau
 
Effective Google Ads Strategy to get the best output
Effective Google Ads Strategy to get the best outputEffective Google Ads Strategy to get the best output
Effective Google Ads Strategy to get the best output
Vemio Advertising Services
 
Transforming Digital Marketing with Top AI Tools of 2024.pdf
Transforming Digital Marketing with Top AI Tools of 2024.pdfTransforming Digital Marketing with Top AI Tools of 2024.pdf
Transforming Digital Marketing with Top AI Tools of 2024.pdf
Tirupati Gayaph
 
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
Jorge Calmett
 

Recently uploaded (20)

THE STORY COMMUNICATION Credential 2024.pptx
THE STORY COMMUNICATION Credential 2024.pptxTHE STORY COMMUNICATION Credential 2024.pptx
THE STORY COMMUNICATION Credential 2024.pptx
 
Growth Marketing Portfolio - Priyanka Srivastava
Growth Marketing Portfolio - Priyanka SrivastavaGrowth Marketing Portfolio - Priyanka Srivastava
Growth Marketing Portfolio - Priyanka Srivastava
 
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
一比一原版(uts毕业证书)悉尼科技大学毕业证如何办理
 
Facebook Marketing Strategy with SNJ Global Services.pptx
Facebook Marketing Strategy with SNJ Global Services.pptxFacebook Marketing Strategy with SNJ Global Services.pptx
Facebook Marketing Strategy with SNJ Global Services.pptx
 
Top 10 AI Trends to Watch in 2024 with Intelisync
Top 10 AI Trends to Watch in 2024 with IntelisyncTop 10 AI Trends to Watch in 2024 with Intelisync
Top 10 AI Trends to Watch in 2024 with Intelisync
 
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdfHow to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
 
3 Best “Add to Calendar” Link Generator Tools (2024)
3 Best  “Add to Calendar”  Link Generator Tools (2024)3 Best  “Add to Calendar”  Link Generator Tools (2024)
3 Best “Add to Calendar” Link Generator Tools (2024)
 
2024 Trend Updates: What Really Works In SEO & Content Marketing
2024 Trend Updates: What Really Works In SEO & Content Marketing2024 Trend Updates: What Really Works In SEO & Content Marketing
2024 Trend Updates: What Really Works In SEO & Content Marketing
 
2024 case study-SHEIN Analysis-Final.pdf
2024 case study-SHEIN Analysis-Final.pdf2024 case study-SHEIN Analysis-Final.pdf
2024 case study-SHEIN Analysis-Final.pdf
 
DTA Promotion - Marketing Specialist Assignment
DTA Promotion - Marketing Specialist AssignmentDTA Promotion - Marketing Specialist Assignment
DTA Promotion - Marketing Specialist Assignment
 
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
一比一原版英国南安普顿大学毕业证(Soton学位证)如何办理
 
What Software is Used in Marketing in 2024.
What Software is Used in Marketing in 2024.What Software is Used in Marketing in 2024.
What Software is Used in Marketing in 2024.
 
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
HEM Webinar - Navigating the Future - Social Media Trends for 2024 in Educati...
 
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
chemistry-project.pdfxfffffffffffffffffffffffffffffffffffffffffffffffffffffff...
 
Why bridging the gap between PR and SEO is the only way forward for PR Profes...
Why bridging the gap between PR and SEO is the only way forward for PR Profes...Why bridging the gap between PR and SEO is the only way forward for PR Profes...
Why bridging the gap between PR and SEO is the only way forward for PR Profes...
 
Viapulsa - Content Strategist Assignment
Viapulsa - Content Strategist AssignmentViapulsa - Content Strategist Assignment
Viapulsa - Content Strategist Assignment
 
一比一原版美国加州大学戴维斯分校毕业证如何办理
一比一原版美国加州大学戴维斯分校毕业证如何办理一比一原版美国加州大学戴维斯分校毕业证如何办理
一比一原版美国加州大学戴维斯分校毕业证如何办理
 
Effective Google Ads Strategy to get the best output
Effective Google Ads Strategy to get the best outputEffective Google Ads Strategy to get the best output
Effective Google Ads Strategy to get the best output
 
Transforming Digital Marketing with Top AI Tools of 2024.pdf
Transforming Digital Marketing with Top AI Tools of 2024.pdfTransforming Digital Marketing with Top AI Tools of 2024.pdf
Transforming Digital Marketing with Top AI Tools of 2024.pdf
 
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
01 Field+Guide+to+Human-Centered+Design_IDEOorg_English GUIA COMPLETA DETALLA...
 

Unit 3 - Liberalization, Privatization & Globalization

  • 2. INTRODUCTION ❑ In July 1991,India has taken a series of measures to structure the economy and improve the Balance Of Payment position. ❑ The new economic policy introduced changes in several areas. ❑ The policy have salient feature which are: - 23-01-2023 Kaushik Jaiswal 2 1.Liberlisation (internal and external) 2.Extending Privatization 3.Globalisation of the economy
  • 3. REASONS FOR IMPLEMENTING LPG 23-01-2023 Kaushik Jaiswal 3 Excess of consumption and expenditure over revenue resulting in heavy govt. borrowings. Growing inefficiency on the use of resources. Over protection to industries. Mismanagement of the firm and the economy. Increase in losses for public sector enterprises. Various distortion like poor technological development, shortage of foreign exchange and borrowing from abroad. Low foreign exchange reserves. Inflation.
  • 4. LIBERALIZATION Liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy. Liberalization refers to the relaxation of the previous government restriction usually in area of social and economic policies. ❑ When government liberalized trade, it means it has removed the tariff, subsidies and other restriction on the flow of goods and services between the countries. 23-01-2023 Kaushik Jaiswal 4
  • 5. OBJECTIVES OF LIBERALIZATION 23-01-2023 Kaushik Jaiswal 5 To increase competition amongst domestic industries. To encourage foreign trade with other countries with regulated imports and exports. Enhancement of foreign capital and technology. To expand global market frontiers of the country. To diminish the debt burden of the country.
  • 6. THE PATH OF LIBERALIZATION 23-01-2023 Kaushik Jaiswal 6 Relief for foreign investors New industrial Policy New trade policy Removal of import Restrictions Liberalization of NRI remittances Freedom to import technology Encouraging foreign tie-ups MRTP(Monopolistic and Restrictive Trade Practices) relaxation Privatization of public sector
  • 7. ADVANTAGES OF LIBERALIZATION 23-01-2023 Kaushik Jaiswal 7 Increase the foreign investment. Increase the foreign exchange reserve. Increase in consumption and Control over price. Check on corruption. Reduction in dependence on external commercial borrowings.
  • 8. DISADVANTAGES OF LIBERALIZATION 23-01-2023 Kaushik Jaiswal 8 Increase in unemployment Loss to domestic units Unbalanced development Increased dependence on foreign nations
  • 9. PRIVATIZATION 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. ❑ Privatization is opening 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. 23-01-2023 Kaushik Jaiswal 9
  • 10. NEED FOR PRIVATISATION ❑ A sizable number of PSUs have been incurring and reporting losses on a continual basis. ❑ Multiplicity of authorities to whom the PSUs are accountable; ❑ Delay in implementation of projects leading to cost escalation and other consequences; ❑ Ineffective and widespread inefficiency on management; ❑ With a view to provide opportunities for more and more unemployed youths, a greater number of people, than required, were recruited and therefore, many PSUs are over-staffed resulting in lower labour productivity, bad industrial relations, etc.; ❑ Several sick companies (40 companies) which were in the private sector was taken over by public sector mainly to protect the employees. These sick units are causing a big drain on the resources of the state; etc. 23-01-2023 Kaushik Jaiswal 10
  • 11. PRIVATIZATION ROUTES The important ways of privatization are: ❑ Privatization of ownership, through the sales of equity. ❑ Denationalization or reprivatisation. ❑ Contracting - under which government contracts out services to other organizations that produce and deliver them. ❑ Franchising - authorizing the delivery of certain services in designated geographical areas- is common in utilities and urban transport. ❑ Government withdrawing from the provision of certain goods and services leaving them wholly or partly to the private sector. ❑ Privatization of management, using leases and management contracts ❑ Liquidation, which can be either formal or informal. Formal liquidation involves the closure of an enterprise and the sale of its assets. Under informal liquidation, a firm retains its legal status even though some or all of its operations may be suspended. 23-01-2023 Kaushik Jaiswal 11
  • 12. OBJECTIVES OF PRIVATIZATION 23-01-2023 Kaushik Jaiswal 12 Improve the financial situation of the government. Reduce the workload of public sector companies. Raise funds from disinvestment. Increase the efficiency of government organizations. Provide better and improved goods and services to the consumer. Create healthy competition in the society. Encouraging foreign direct investments (FDI) in India.
  • 13. ADVANTAGES OF PRIVATIZATION 23-01-2023 Kaushik Jaiswal 13 Privatization helps to reduce the burden on Govt. It will help profit-making public-sector unit to modernize and diversify their business. It will help in making public sector unit more competitive. It will help improve the quality of decision making, because of no political interference. Privatization may help in reviving sick units which are the liability of the public sector. Increase in efficiency. Industrial growth. Increase the foreign investment.
  • 14. DISADVANTAGES OF PRIVATIZATION 23-01-2023 Kaushik Jaiswal 14 Industrial sickness. Lack of welfare. Increase in inequality Opposition by employees. Problem of financing. Increase in unemployment. Ignores the weaker sections. Ignores the national importance
  • 15. DISINVESTMENT Disinvestment can also be defined as the action of an organisation selling or liquidating an asset or subsidiary. ❑ The government had appointed a committee under the chairmanship of C. Rang Rajan to study and recommend new measures to make privatization more effective. ❑ The committee submitted its report in 1993 which suggested the sectors where privatization was needed and suggested government to set up an autonomous body to monitor disinvestment. 23-01-2023 Kaushik Jaiswal 15
  • 16. GLOBALIZATION Globalization implies integration of the economy of the country with the rest of the world economy and opening of the economy for foreign direct investment by liberalizing the rules and regulations and by creating favourable socio-economic and political climate for global business. ❑ The term globalization refers to the integration of economies of the world through uninhibited trade and financial flows. ❑ This implies free flow of goods and services, capital, technology and labour across national boundaries. 23-01-2023 Kaushik Jaiswal 16
  • 17. FEATURES OF GLOBALIZATION ❑ Opening and planning to expand business throughout the world. ❑ Erasing the difference between domestic market and foreign market. ❑ Buying and selling goods and services from/to any countries in the world. ❑ Locating the production and other physical facilities on a consideration of the global business dynamics, irrespective of national consideration. ❑ Global sourcing of factor of production i.e. raw-material, components, machinery, technology, finance etc. are obtained from the best source anywhere in the world. 23-01-2023 Kaushik Jaiswal 17
  • 18. STAGES OF GLOBALISATION There are five different stages in the development of a firm into global corporations. ❑ First stage The first stage is the arm’s length service activity of essentially domestic company, which moves into new markets overseas by linking up with local dealers and distributors. ❑ Second stage In the stage two, the company takes over these activities on its own. ❑ Third stage In the next stage, the domestic based company begins to carry out its own manufacturing, marketing and sales in the key foreign markets. ❑ Fourth stage In the stage four, the company moves to a full insider position in these markets, supported by a complete business system including R & D and engineering. This stage calls on the managers to replicate in a new environment the hardware, systems and operational approaches that have worked so well at home. ❑ Fifth stage In the fifth stage, the company moves toward a genuinely global mode of operation. 23-01-2023 Kaushik Jaiswal 18
  • 19. FOREIGN MARKET ENTRY STRATEGIES 23-01-2023 Kaushik Jaiswal 19 Exporting Licensing/ Franchising Contract manufacturing Management contract Assembly operations Fully owned manufacturing facilities Joint venturing Merger and acquisition Strategic alliance Countertrade
  • 20. POSITIVE EFFECTS OF GLOBALIZATION 23-01-2023 Kaushik Jaiswal 20 Free flow of capital and increase in the total capital. Free flow of technology. Increase in industrialization. Higher Standard of living. Balanced human development. Increase in jobs and income. Commodities at lower price with high quality. Increase in production and consumption. Balanced development of world economies. Spread of production facilities throughout the globe.
  • 21. NEGATIVE EFFECTS OF GLOBALIZATION 23-01-2023 Kaushik Jaiswal 21 Unemployment Decline in income Exploits Human resource Loss of domestic industries Transfer of natural resources Dominance of foreign institutions Widening gap between rich and poor Lead to commercial & political colonism
  • 22. India’s Top Trading Partners in FY 2021-22 (in US$ Billion) Country Export Import Total trade Trade balance US 76,167.01 43,314.07 119,481.08 32,852.94 China 21,259.79 94,570.57 115,830.36 -73,310.78 UAE 28,044.88 44,833.48 72,878.36 -16,788.60 Saudi Arabia 8,758.94 34,100.58 42,859.52 -25,341.64 Iraq 2,403.27 31,927.05 34,330.33 -29,523.78 Singapore 11,150.61 18,962.19 30,112.80 -7,811.58 Hong Kong 10,984.80 19,096.61 30,081.41 -8,111.81 Indonesia 8,471.51 17,702.83 26,174.34 -9,231.31 Korea Rp 8,085.03 17,477.20 25,562.24 -9,392.17 Australia 8,283.13 16,756.17 25,039.30 -8,473.04 See : Trading Partners of India Rank Country Exports Imports Total Trade Trade Balance 1 United States 76.11 43.31 119.42 32.80 2 China 21.25 94.16 115.41 -72.91 3 United Arab Emirates 28.10 44.80 72.90 -16.7 4 Saudi Arabia 8 34.00 42 -28 5 Russia 1.00 21.00 22.00 -20.00 6 Germany 8.21 13.69 21.9 -5.48 7 Hong Kong 13.7 20.34 34.04 -6.64 8 Indonesia 4.12 15.06 19.18 -10.94 9 South Korea 4.85 15.65 20.5 -10.8 10 Malaysia 3.71 9.08 16.93 -5.30 Kaushik Jaiswal
  • 23. 111.63 65.04 38.94 29.15 0 20 40 60 80 100 120 Engineering Goods Petroleum Products Gems & Jewellery Organic & Inorganic Chemicals Key Export Products (FY22) (US$ Billion) Exports 160.7 73.1 46.1 39.9 0 20 40 60 80 100 120 140 160 180 Petroleum Products Electronic Goods Gold Machinery, Electric & Non- electric Key Import Products (FY22) (US$ Billion) Imports Kaushik Jaiswal
  • 24. INDIA EXPORTS 23-01-2023 Kaushik Jaiswal 24 o Exports from India fell to B$ 29.78 in Oct 2022 from B $35.45 in the previous month. o A year earlier, exports were 17% higher at B$ 35.73 o Considering April to Oct, exports rose 12.55% to B$ 263.35 See : India Exports
  • 25. INDIA IMPORTS 23-01-2023 Kaushik Jaiswal 25 See : India Imports o Imports to India declined to B$ 56.69 in Oct 2022 from B$ 61.16 in Sept, the lowest in eight months and compared to B$53.64 a year earlier. o Considering April to Oct, imports advanced 33.12% to B$ 436.81.
  • 26. INDIA BALANCE OF TRADE 23-01-2023 Kaushik Jaiswal 26 o India's trade deficit widened to $26.91 B in Oct ’22 from $25.71 B in Sept. o Exports fell to $29.78 B from $35.45 B in the previous month. A year earlier, exports were 17% higher at $35.73 B. o Imports declined to $56.69 B from $61.16 B. See : Balance of Trade
  • 27. INDIA FOREIGN EXCHANGE RESERVES 23-01-2023 Kaushik Jaiswal 27 o Forex Reserves in India increased to 5,50,140 USD Million in 2022 Nov 25 from 5,44,720 USD million in the previous week.
  • 28. GROSS DOMESTIC PRODUCT 23-01-2023 Kaushik Jaiswal 28 o The GDP in India was worth 3173.40 billion US dollars in 2021, according to official data from the World Bank. o The GDP value of India represents 0.21% of the world economy.
  • 32. INDIA IMPORTS BY COUNTRY - 2021 23-01-2023 Kaushik Jaiswal 32
  • 33. INDIA IMPORTS BY CATEGORY - 2021 23-01-2023 Kaushik Jaiswal 33
  • 34. INDIA EXPORTS BY COUNTRY - 2021 23-01-2023 Kaushik Jaiswal 34
  • 35. INDIA EXPORTS BY CATEGORY - 2021 23-01-2023 Kaushik Jaiswal 35
  • 36. INDIA’S SHARE IN GLOBAL TRADE 23-01-2023 Kaushik Jaiswal 36
  • 37. % SHARE OF THE GLOBAL ECONOMY 23-01-2023 Kaushik Jaiswal 37
  • 38. GDP BASED ON SHARE OF 2021 WORLD TOTAL, IN % 23-01-2023 Kaushik Jaiswal 38
  • 39. TOP 10 GDPS – 2022 23-01-2023 Kaushik Jaiswal 39 Country Nominal GDP (in trillions) PPP Adjusted GDP (in trillions) Annual Growth (%) GDP Per Capita United States $23.0 $23.0 5.7% $69,287 China $17.7 $27.3 8.1% $12,556 Japan $4.9 $5.4 1.6% $39,285 Germany $4.2 $4.8 2.9% $50,801 United Kingdom $3.2 $3.3 7.4% $47,334 India $3.2 $10.2 8.9% $2,277 France $2.9 $3.4 7.0% $43,518 Italy $2.1 $2.7 6.6% $35,551 Canada $2.0 $2.0 4.6% $52,051 South Korea $1.8 $2.4 4.0% $34,757 See : Top Economies of world
  • 40. THANK YOU..! KAUSHIK JAISWAL 7276888855 kaushjaiswal@gmail.com