Indian Economic Scenario

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GLOBSYN BUSINESS SCHOOL

STUDY OF THE INDIAN AND CHINA ECONOMY

PRESENTED BY:

Learning Group 6 (PGPM-11B)

- Vasundhara Kedia

- Sourabh Soni

- Sudeshna Chowdhary

- Niloy Biswas

- Sauryadipta Basu

- Mandeep Pradhan

ACKNOWLEDGMENT

The time spent in the making of this project, as a part of our curriculum requirement of PGPM course, is invaluable in terms of learning. The application of concepts to the project added more depth and meaning to the knowledge gained in the classroom.

We wish to extend our gratitude to our faculty guide Prof. S Chatterjee, for guiding us through the project with ample patience and understanding. We would also like to thank him for reminding us of the core objectives of the project every time we diverted from it.

TABLE OF CONTENTS

Abstract

PAGE NO.

1. Introduction 4-6

THE INDIAN ECONOMY

2. Pre colonial, colonial and post-colonial India 7- 15

3. Indian Planning Commission & Liberalisation 16-20

4. India’s Economic Reforms and Currency Devaluation 21- 29

5. The Five Year Plans In India 30- 56

6. Fiscal Policy of India 57- 63

7. Monetary Policy of India 64- 65

8. Impact of Financial Crisis on Indian Economy 66-68

THE ECONOMY OF CHINA

9. Overview of the China Economy 69

10. Fiscal policy, Monetary policy, Inflation 70-73

11. Contrast between India and China’s Economy 74-80

ANNEXURE

1. INTRODUCTION

|Indian Economy Overview | | | | | |[pic] | | | | | |Indian economy is growing, despite the economic crisis that engulfed the world, stated Mr Anand Sharma, Union Minister for Commerce, | |Industry and Textiles, Government of India, while addressing a session at the 11thPravasi Bharatiya Divas 2013. Mr Sharma further | |highlighted that the national investment rate is around 33-34 per cent, and is expected to increase to 36 per cent by the end of | |12th Five Year Plan (2012-17). | |India has been adjourned the fifth best country in the world for dynamic growing businesses, as per the Grant Thornton Global Dynamism| |Index. The index gives a reflection of how suitable an environment the country offers for dynamic businesses. | |Indian tax climate was also considered to be reasonably favourable and India continued to be an attractive investment destination, | |according to a survey conducted by Deloitte Touche Tohmatsu Ltd (Deloitte)....
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