Gradual Growth: India`s Development Trajectory
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Transcript Gradual Growth: India`s Development Trajectory
Sara Hsu
India
and geography
Independence from Britain in 1947
Nehruvian Socialism
1947
to 1980
• Early growth
• Droughts and crisis
• Focus on poverty reduction
• “License raj”
• “Hindu rate of growth”
1980
to 1991
• Improvements in industrial policy
• Industrial stagnation in 1988
• Balance of payments crisis
1991
through 2000
• IMF policies
• New Economic Policy
• Reform of banking system
• Building up to Y2K
2000
to present
Aftermath of Y2K
Firm relocation to India
Land
reform since Independence
Goal: Reduction of poverty
Green Revolution
Characterization of villages
Policy
campaigns for reform
Fast GDP growth
Hyderabad
Nehru
Ghandi
Rao
60
50
40
Agriculture
30
Manufacturing
Services, etc.
20
10
0
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
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.
Questions?