Gradual Growth: India’s Development Trajectory. Sara Hsu. Development Influences. India and geography Independence from Britain in 1947 Nehruvian Socialism. Reform History. 1947 to 1980 Early growth Droughts and crisis Focus on poverty reduction “License raj” “Hindu rate of growth”.
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Gradual Growth: India’s Development Trajectory
India and geography
Independence from Britain in 1947
2000 to present
Aftermath of Y2K
Firm relocation to India
Land reform since Independence
Goal: Reduction of poverty
Characterization of villages
Policy campaigns for reform
Fast GDP growth
India’s reform process really began in 1991 as a result of a balance of payments crisis.
Reform opened up trade and made it easier to start a business.
Most growth in India is in the skilled services (IT) sector.
“India Shining” is the slogan used starting in 2004 to promote India internationally. The government spent over USD $20 million on television and newspaper ads using this slogan.