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India

Economic Development since 1947. India. http://www.mapsofindia.com/maps/india/india-flag.jpg. https://www.cia.gov/library/publications/the-world-factbook/geos/in.html. Basic Information. Population: 1,147,995,904 Median Age: 25.1 years Population Growth Rate: 1.578%

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India

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  1. Economic Development since 1947 India http://www.mapsofindia.com/maps/india/india-flag.jpg https://www.cia.gov/library/publications/the-world-factbook/geos/in.html

  2. Basic Information • Population: 1,147,995,904 • Median Age: 25.1 years • Population Growth Rate: 1.578% • 15 official languages • Religions: Hindu, Muslim, Christian, Sikh • Literacy: • Males: 73.4% • Females: 47.8%

  3. Basic Information • Capital: New Delhi • GDP (PPP): $2.966 trillion • GDP Real Growth Rate: 9% • GDP Per Capita: $2,600 • Unemployment Rate: 7.2% • Population Below Poverty Line: 25% • Inflation Rate: 6.4%

  4. GDP (PPP) – last 100 years Source: www.imf.org

  5. GDP (PPP) Source: www.imf.org

  6. GDP Growth (%) Source: www.imf.org

  7. Inflation Rate Source: www.imf.org

  8. Basic Information • Index of Economic Freedom: 54.2 (115) • Major Industries: • textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, and software

  9. Basic Information • Export Partners: US 15%, China 8.8%, UAE 8.7%, UK 4.4% • Import Partners: China 10.7%, US 7.8%, Germany 4.5%, Singapore 4.4% • Currency: Rupee • Communications • Main line phones: 38.76 Million • Mobile Cellular: 296.08 Million

  10. Culture • Birthplace of several Religious systems • Musical Culture • Food • Indian Film Industry • Philosophy

  11. Political History • British Rule ended in 1947 • British India split into Pakistan and India • Jawaharlal Nehru • Indira Gandhi • Rajiv Gandhi • NarasimhaRao • Coalition Politics

  12. Economic History • At time of Independence • 5% of US GDP • One sixth of population urban http://globalis.gvu.unu.edu/indicator_detail.cfm?Country=IN&IndicatorID=30#row

  13. Economic History • Nehru’s policies • 5 year plans • Intended to encourage growth of manufacturing and heavy industries • License Raj • Trade and Budget Deficits • Hindu Rate of Growth

  14. Economic History • 1975 – One fifth of population urban • Back-to-back assassinations weakened confidence of international investors • As of 1991, India had a fixed exchange rate system • Foreign Exchange Crisis • NarasimhaRao - liberalization

  15. Current Account Balance (In Billions) Source: www.imf.org

  16. Inflation and GDP Source: www.imf.org

  17. http://www.rbi.org.in/Scripts/PublicationsView.aspx?id=8540#2http://www.rbi.org.in/Scripts/PublicationsView.aspx?id=8540#2

  18. Economic History • 2000 – 4% of US GDP • National Democratic Alliance (NDA) • Telecommunications • Infrastructure • Golden Quadrilateral road network

  19. Recent Achievements • Maintained electoral democracy • Reduced absolute poverty by more than half • Improved literacy and health conditions • One of the fastest growing economies • Emerged as major player in information technology, business process outsourcing, telecommunications, and pharmaceuticals

  20. Challenges • Improving Core Public Services • Education • Health • Infrastructure

  21. Challenges • More Inclusive Growth • Agriculture • Jobs • Lagging States

  22. Challenges • Sustaining Growth • Fiscal Deficit • Trade Deficit • Ongoing Reform

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