Economic Development

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Role of Government In Economic Development

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Economic Development

  1. 1. Policy Leadersmakers Planned efforts Economic Development
  2. 2. Development of Environmental Health andhuman capital suitability safety measures Critical Rise in poverty infrastructure Literacy and line other initiatives
  3. 3. State ownership of many Sectors Extensive Regulation PREINDEPENDENCE LOOK Red tape known as “License Raj” Isolation from world economy
  4. 4. Regulatory Life insurance Action by got nationalized government State Ownership In which Industries got POST NationalizedINDEPENDENCE LOOK Industrialization Was key to Economy India has Control over progressed prices towards a free market economy
  5. 5. Foreign direct investmentManufacturing Agriculture Services Human Development Index
  6. 6. • (IARI)led to the ”Indian green revolution "of 1970’s Agriculture and 1.allied sectors likeforestry, logging and fishing acco unted for 18.6% • Various schemes implemented by of the GDP in 2005 2. government
  7. 7. Together Mining they form 27.6% of GDP GasMANUFACTURING Quarrying Electricity
  8. 8. Only 1% of the total GDP or1/50th of thetotal services Increase in demand are in India from foreign consumer Looking to outsource interested in India their operation service export India is 15th in services output.
  9. 9. OccupationalDistribution of Sectors 23% 60% Primary17% (Agriculture) Secondary (Manufacturing) Tertiary (Services)
  10. 10. Life Standard of expectancy livingLiteracy Education
  11. 11. Net flow of investment impactCountry’s trade balance Improving infrastructure
  12. 12. Government adopts the principle of formal economic planning as Annual budget effective planning to &intervene in economy to 5 year Plan faster growth
  13. 13. Child labor Poverty and EnvironmentalCorruption employment degradation
  14. 14. Government has Various central and introduced the right to state government acts information establish vigilanceact(2005)and equivalent commissions have acts in state reduced corruption
  15. 15. Implement of world largest child labor Laws banning elimination employment ofprogram, with primary children(under 14)ineducation targeted for hazardous industries 250million
  16. 16. Antipoverty programs initiated by government to Some policies issued by help of poor to attain self government national rural sufficiency in food employment programmed production ensuring the and the rural landlesssupply of basic commodities employment guarantee programmed
  17. 17. About 1.2 billion lack inclean safe water as mosthousehold and industrial wastes are dumped directly in rivers
  18. 18. INDIA TOWARDS PATH OF SUCCESS
  19. 19. “We who live in free market societiesbelieve that growth, prosperity andultimately human fulfillment, arecreated from the bottom up, not thegovernment down. Only when thehuman spirit is allowed to invent andcreate, only when individuals aregiven a personal stake in decidingeconomic policies and benefiting fromtheir success - only then can societiesremain economically alivedynamic, progressive, and free.” -RONALD REAGON

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