TECHNOLOGICAL CHANGES IN GLOBAL ECONOMY

1. TECHNOLOGICAL CHANGES IN GLOBAL ECONOMY • PRESENTED BY: • BIJAY SHARMA • SECTION: A • PGDM 1st SEM

2. MEANING OF TECHNOLOGICAL CHANGES “Technological artifacts are products of an economy, a force for economic growth, and a large part of everyday life. Technological innovations affect, and are affected by, a society's cultural traditions. ”

3. Globalization • A growing percentage of advanced industrial economies world wide depends on imports and exports. • Companies are also distributing core business functions in product design, manufacturing, finance, and customer support to locations in other countries where the work can be performed more cost effectively.

4. Integrating Global Systems • The IT industry is one of the most dynamic in the global economy • The integration of business and technology has allowed organizations to… • Increase their share of the global economy • Transform the way they conduct business • Become more efficient and effective

5. Globalization The stock of FDI by the world’s six most important national sources is shown in Figure

6. EXAMPLES

8. Technology- BOB has experience Channel Share of transactions in March 2005 Share of transactions in Oct 2009 Branches 94% 28% ATMs 3% 51% Internet 2% 10% 1% Call centre 11%

9. Offshore internet banks • One of the features of the internet is that it removes physical boundaries • Will make it easier for overseas banks to use the internet to attract offshore deposits from Indian residents.. • In doing so, they should comply with our advertising rules.. • Cross-border cooperation with other regulators will become more important.. • Meanwhile, depositors should beware!

10. Healthcare Industry

11. Healthcare Industry: India • Comprises mainly of manufacture, marketing and distribution of drugs and medicines both domestic and international. • In 2008 Indian Pharma business crossed Rs.34000 crores(10% growth) • 70% of the growth comes from volume growth and 10% from price change. • In the last decade international markets have given the industry a global presence and the industry is poised for global leadership. • A very large percentage of total Pharma production is in organised sector. • Technologies used for healtcare services are: • 1. ENGEOGRAPHY • 2.ELECTRO-CARDIOGRAM • 3.ULTRA-SOUND • 4.E.C.G etc….

13. India: An Ideal Destination for Investments in Telecom Sector • Fifth largest telecom network in the world; second largest among the emerging economies after China • On an average, about 6–7 million new users added per month, making India the world’s fastest growing wireless services marke • Among the countries offering the highest rates of return on investment • The large untapped potential in India’s rural markets–1.9 percent teledensity in rural markets as compared to the national level of 18 percent • Expected to become the second largest telecom market by 2010

14. INDIAN CONSUMERS GET THE WORLDS LOWEST MOBILE TARIFFS USD

15. INDIAN MOBILE SECTOR IS VIGOROUSLY REDEEMING THAT PLEDGE…. In Q4 2007, Topped Global Charts in terms of Net Additions Source: GSMA

16. The “international Indian” opportunity Area of large NRI population Areas of large PIO population Number of NRIs () Canada UK (0.42 mn) (0.72 mn) US (1.2 mn) GCC Nepal (4.1 mn) West Indies Zimbabwe/ Uganda Singapore/ Malaysia Fiji (0.14 mn NRIs) South Africa Australia and New Zealand (< 0.1 mn) …the Indian diaspora, the emergence of Indian multinationals and resultant economic flows have created a new opportunity

17. THANKYOU