Preview

Leading Indicators of Indian Economics

Powerful Essays
Open Document
Open Document
9684 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Leading Indicators of Indian Economics
LEADING INDICATORS
OF THE INDIAN ECONOMY

Lt Col D G Naik Grenville Savio Noronha Gnanasundaram C Kaushik K

Course Project Report of HS 700 – Applied Economics Spring 2006

The economic dominance of the US is already over. What is emerging is a world economy. India is becoming a powerhouse very fast. Peter Drucker, Management Guru, In Fortune

The dynamism shown by India in the last 15 years is phenomenal. Paul Wolfowitz, President, World Bank

There is huge amount of optimism about India...the country is well positioned to accelerate from its present 6.5% growth to around 8% in the near future. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission of India

India is growing fast and everyone seems to want a piece of the action. Director of Market Services, London Stock Exchange

Martin Graham,

India has the potential to deliver the fastest growth over the next 50 years with an average rate of more than 5 per cent a year for the entire period. Dominic Wilson, Senior Global Economist and Vice President, Goldman Sachs

India is a rising economic influence of power in the international system. It 's a great multiethnic democracy. Condoleezza Rice, US Secretary of State

2

INTRODUCTION
An Overview of the Indian Economy:
Indian economic policy after independence, influenced by the colonial experience, which was seen by Indian leaders as exploitative in nature, and by their exposure to Fabian socialism, became protectionist in nature. The early policy makers formulated a policy of import substitution, industrialization, state intervention in labour and financial markets, a large public sector, overt regulation of business, and central planning. This led to a low overall average growth rates upto 1980. The economic reforms that surged economic growth in India after 1980 can be attributed to two stages of reforms. The pro-business reform of 1980 initiated by Indira Gandhi and carried on by Rajiv Gandhi, eased restrictions on capacity


References: 1. Pami Dua and Anirvan Banerji, “A leading index for the Indian economy,” Working paper no. 90, Centre for Development Economics, March, 2001. 2. J –D Lindlbauer, “Business Cycle Indicators From Qualitative Data,” In Searh of Economic Indicators Essays on Business Surveys (Lecture Notes in Economics and Mathematical Systems, Werner H. Stringel, Ed. Berlin: Springer-Verlag, 1977. 3. Raj Kapila and Uma Kapila, Understanding India’s Economy Reforms: The Past, The Present and The Future, New Delhi: Academic Foundation, 1996. 4. Uma Kapila, Indian Economy since Independence, New Delhi: Academic Foundation, 1998 5. [Online], Available: http://en.wikipedia.org/wiki/Economy_of_India 6. [Online], Available: http://en.wikipedia.org/wiki/Gross_Domestic_Product 7. [Online], Available: http://ibef.org/home.aspx 8. [Online], Available: http://www.investopedia.com 9. [Online], Available: http://www.rbi.org.in 10. [Online], Available: http://www.ibef.org 11. [Online], Available: http://rbi.org.in/ 12. [Online], Available: http://www.economywatch.com/ 34
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Apple Market Entry Strategy in India
    • 467 Words
    • 2 Pages

    Apple Market Entry Strategy in India

    As one of the so-called BRIC nations, India belongs to one of the fastest growing economies in the world. With almost one billion inhabitants and an increasingly wealthy middle class, the country has been showing growing importance in the cell phone market.…

    • 467 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Carborundum Annual Summary
    • 4718 Words
    • 19 Pages

    Carborundum Annual Summary

    In India, the economy has emerged with remarkable rapidity IURP WKH VORZGRZQ FDXVHG E\ WKH JOREDO ÀQDQFLDO FULVLV *URZWK in 2010-11 as per the Advance Estimates released in January 2011 is estimated at 8.6%. Rebound in agriculture and continued momentum in manufacturing, despite the deceleration in services, helped to drive the economy. The slight slowdown in industrial 2…

    • 4718 Words
    • 19 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Globalization of Modern Day India
    • 1929 Words
    • 8 Pages

    Globalization of Modern Day India

    With the progress of merging global economies, markets throughout the world have benefited from increased investment, employment and income growth (Goyal 2006). Many countries have shown remarkable rapid economic growth with the expansion of business methods and companies across national boundaries. Realizing the potential of the world market, India has emerged as an economic superpower. India can be classified as a developing country, but its economy is one the fastest growing economies in the world. India…

    • 1929 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    India's Economic Reforms
    • 8048 Words
    • 33 Pages

    India's Economic Reforms

    The past three years have seen major changes in India's economic policies marking a new phase in India's development strategy. The broad thrust of the new policies is not very different from the changes being implemented in other developing countries and also all over the erstwhile socialist world. They aim at reducing the extent of Government controls over various aspects of the domestic economy, increasing the role of the private sector, redirecting scarce public sector resources to areas where the private sector is unlikely to enter, and opening up the economy to trade and foreign investment.…

    • 8048 Words
    • 33 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Cci Essay
    • 3077 Words
    • 13 Pages

    Cci Essay

    Ever since the economic reforms of 1991, which opened the door for globalisation, liberalisation and selective Privatisation, the Indian economy, has seen un-precedented growth. As predicted by Goldman Sachs, A Global Investment Bank, by 2035, India would be the third largest economy of the world; Only after US and China.…

    • 3077 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Economic Indicators
    • 13963 Words
    • 56 Pages

    Economic Indicators

    Indian economic policy after independence, influenced by the colonial experience, which was seen by Indian leaders as exploitative in nature, and by their exposure to Fabian socialism, became protectionist in nature. The early policy makers formulated a policy of import substitution, industrialization, state intervention in labour and financial markets, a large public sector, overt regulation of business, and central planning. This led to a low overall average growth rates upto 1980.…

    • 13963 Words
    • 56 Pages
    Powerful Essays
    Read More
  • Good Essays

    Fundamental Analysis of Power Sector
    • 12573 Words
    • 51 Pages

    Fundamental Analysis of Power Sector

    Indian Economy experienced a GDP growth of 9.4 percent during 2007-08. By 2025 the India's economy is projected to be about 60 per cent the size of the US economy. The transformation into a tri-polar economy will be complete by 2035, with the Indian economy only a little smaller than the US economy but larger than that of Western Europe. By 2035, India is likely to be a larger growth driver than the six largest countries in the EU, though its impact will be a little over half that of the US. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years.…

    • 12573 Words
    • 51 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Indian Economy
    • 1215 Words
    • 5 Pages

    Indian Economy

    The economy of India is the ninth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).[1] The country is one of the G-20 major economies and a member of BRICS. On a per-capita-income basis, India ranked 141st by nominal GDP and 130th by GDP (PPP) in 2012, according to the IMF.[12] India is the 19th-largest exporter and the 10th-largest importer in the world. Economic growth rate slowed to around 5.0% for the 2012–13 fiscal year compared with 6.2% in the previous fiscal.[13] It is to be noted that India's GDP grew by an astounding 9.3% in 2010–11. Thus, the growth rate has nearly halved in just three years. GDP growth went up marginally to 4.8% during the quarter through March 2013, from about 4.7% in the previous quarter. The government has forecasted a growth of 6.1%-6.7% for the year 2013-14, whilst the RBI expects the same to be at 5.7%.…

    • 1215 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Youth Migration and Its Effects on Indian Economy
    • 1617 Words
    • 7 Pages

    Youth Migration and Its Effects on Indian Economy

    These were the words said by SWAMI VEVEKANAND and indeed today the INDIAN ECONOMY is on the brink of an uproar. India is today one of the six fastest growing economies of the world. The country is ranked fourth in terms of Purchasing Power Parity (PPP) in 2010. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented, skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant, rapidly growing consumer market, comprising over 300 million strong middle class with increasing purchasing power. India provides a large market for consumer goods on the one hand and imports capital goods and technology to modernize its manufacturing base on the other. An abundant and diversified natural resource base, sound economic, industrial and market fundamentals and highly skilled and talented human resources, make India a destination for business and investment opportunities with an assured potential for attractive returns. Far-reaching measures introduced by the government over the past few years to liberalize the Indian market and integrate it with the global economy are widely acknowledged. The tenth five year plan document targets a healthy growth rate of 8% for the Indian economy during the plan period 2002 - 07. India has an extremely diverse economy which includes many areas in agriculture, crafts, major industries and numerous miscellaneous services. The leading economic growth vehicle in India would be it's multitude of services, however two-thirds of the workforce in India earn their income through agriculture. The labour force of India is estimated to be around 482.2 million people with 57% in agriculture, 17% in industry, and 23% in other services. In recent times, India has also capitalised on its large number of highly educated…

    • 1617 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    A Report on Construction & Customer Retention
    • 22873 Words
    • 92 Pages

    A Report on Construction & Customer Retention

    Above-average economic growth in India. Strong population growth, a large pool of highly-skilled workers, greater integration with the world economy and increasing domestic and foreign investment are expected to drive India’s real GDP by 6% p.a. over the next 10 to 15 years.…

    • 22873 Words
    • 92 Pages
    Good Essays
    Read More
  • Powerful Essays

    Indian Service Sector
    • 7953 Words
    • 32 Pages

    Indian Service Sector

    ‘In 1991, with India running out of hard currency, Manmohan Singh…decided that India had to open its economy. “Our Berlin Wall fell…and it was like unleashing a caged tiger… We went from quiet self-confidence to outrageous ambition in a decade” [Tarun Das, Chief Mentor, Confederation of Indian Industries].’ (Thomas Friedman, The World is Flat) Optimism abounds in India. Well it might. Keynote reforms, initiated by the then Finance Minister Dr Manmohan Singh in 1991, provided the momentum for a major reduction of the role of the public sector in the economy, a degree of deregulation, and greater integration of India’s economy into international markets. India’s entrepreneurial spirit was unleashed. The result has been a shift from India’s traditional…

    • 7953 Words
    • 32 Pages
    Powerful Essays
    Read More
  • Good Essays

    Solutions and strategy to overcome challenges in development of India
    • 999 Words
    • 4 Pages

    Solutions and strategy to overcome challenges in development of India

    Indeed, India is one of the fastest growing economies in the world; the recent financial crisis could not cause huge damage due to the strong economical capability but even today, after 20 years of rapid growth, India is still one of the…

    • 999 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    india after liberalization
    • 6342 Words
    • 26 Pages

    india after liberalization

    Table 1 summarizes India’s growth experience since the middle of the twentieth century. For the first thirty years, economic growth, known as, The "Nehruvian Socialist rate of growth" averaged a modest 3.6 percent, with per capita growth of a meagre 1.4 percent per year. Those were the heydays of state-led, import-substitutingindustrialization, especially after the 1957 foreign exchange crisis…

    • 6342 Words
    • 26 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    India's Macroeconomics Indicators
    • 1555 Words
    • 7 Pages

    India's Macroeconomics Indicators

    Source: CMIE (monthly revenue of the Indian Economy, November 1999); manpower (profile India Yearbook 1989); The Economist, 1996 Economist (1996); MGI…

    • 1555 Words
    • 7 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    HR Practices in Hospitals
    • 2941 Words
    • 12 Pages

    HR Practices in Hospitals

    India now becomes a player in the global stage. Everyone wants to do business with us, this…

    • 2941 Words
    • 12 Pages
    Powerful Essays
    Read More

Related Topics