Presented by: Hiten Gupta (50802026)
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
Source: www.economywatch.com IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
Source: www.hindu.com IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
Economic profile of the country was extremely distressing at the time of independence.
No growth in previous half of the century. Created unanimity among leaders, that state must take responsibility of country’s development IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
Extensive exploitation of India’s industry and markets through British FDI. Colonialism effectively ruled out any free development of Indian industry or of its ECONOMY. Thus created suspicion among political leaders & this attitude shaped Indian policies regarding FDI IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
The Historical setting contd…
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
The Historical setting contd…
1957-58
-1.2%
1965-66
-3.7%
1972-73
-0.3%
1979-80
-5.2%
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
In 1991 India was in deep BOP crisis and future was uncertain.
In 2004, India managed to generate one of the strongest BOP position.
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
6.1
Source: www.economist.com IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
7
7.2
Indian Foreign Exchange Reserves: a steady rise after liberalization Foreign exchange reserves US$ ( billion)
74.4 54.1 17 2.2
Source:www.rbi.org.in IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
Foreign Investments after liberalization Total foreign Investment US $ (million)
8152 5385
6789
Source:www.rbi.org.in IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
5639
15872
Import duty Reduction after Liberalization 150
Thank You
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008
IEL, Liberalization of Indian Economy (LMTSOM PATIALA)-2008