Академический Документы
Профессиональный Документы
Культура Документы
GROUP 5
AAKASHDEEP - PGP/14/126, AMEYA - PGP/14/004, ARIFUDDIN - PGP/14/014, EMILIA - IE/14/05, GERHARD - IE/14/06, GOUTHAM - PGP KUMARESAN - PGP/14/150, MORTEN - IE/14/10, OBULESU - PGP/14/156, TOBIAS - IE/14/11, UMESH - PGP/14/310
History
1950-1991 Inward Looking Era (GDP growth 3 %)
Indias own attempt trying to grow without foreign investment
1991 - 2003
2003 - Today
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Current Headers
The Economist
The Economist
"Optimists believe that India's entrepreneurial spirit will make it a superpower over the next two decades"
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Definition Capitalism
Capitalism describes an economic system where the means of production are privately owned, operated for profit from investment, and in competitive markets.
Dictionary of Economics
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Aditya Birla
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Reasons
History: British before 1947 & socialist era with restrictions Culture: Marwari & Bania communities famous for trading
Tax rather put money into new business than a bank account
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CapINDIAlism
Family conglomerates are powerful and international recognized companies State & conglomerates are spotting new opportunities & compensate eachother India is still growing with this system - Stable economic conditions State-owned companies are not efficient & profitable by suffering from inertia Entreprenuerial spirit declined over last decade (only 2% of IIM-A started own businesses) Conglomerates are only middle weights in global context (e.g. compared to China) Poor educational system & corruption
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Recommendations
Secure foreign investment without selling out Indian companies
Retain innovators & entrepreneurs within India, e.g. Mittal Steel Profitability within all subdivisions of family conglomerates Build companies that are global heavyweights Spread capitalism in geographical terms Ensure inbound/outbound deals add value domestically rather than destroy it Simplify access to funding (domestic & foreign) Fight corruption & improve educational system (from primary school on) Invest in infrastructure
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