INDIAN CENTURY: RELAUNCHING THE

INDIAN STORY

PRESENTED BY- TO-

ABHISHEK SHUKLA (2016PBM5346) MRS. DEEPTI SHARMA
KALYANEE SHARMA (2016PBM5053)
MRINALINI DADHICH (2016PBM5441)
INDIAS JOURNEY:
 REAL TECHNOLOGY - INDIAN MYTHOLOGY
Technology in ancient and medieval India covered all the major of human knowledge and
activities.
SPACE TECHNOLOGY - The Pushpak Vimaan

REMOTE SENSING - Sanjays Vision

NUCLEAR TECHNOLOGY - The Brahmastra

 ANCIENT HIGHER LEARNING INSTITUTIONS
The schools at Pushpagiri, Nalanda, Takshashila and others were some of the primary
institutions of higher learning in ancient India.

Pushpagiri
School in Pushpagiri was established in
the 3rd century AD as present Odisha,
India

Nalanda
Established in the fifth century AD
in Bihar, India
 Taxila or Takshashila
In Rawalpindi district of the Punjab
province in Pakistan
amongst the earliest universities in the
world

Others
INVASIONS
 Mughals

Mughal Empire was established and ruled by a Muslim Persianate

dynasty of Chagatai Turco-Mongol origin that extended over large parts of the Indian
subcontinent and Afghanistan.
The "classic period" of the Mughal Empire started in 1556 with the ascension of Akbar the
Great to the throne
The Mughal Empire did not try to intervene in the local societies during most of its
existence, but rather balanced and pacified them through new administrative practices and
diverse and inclusive ruling elites, leading to more systematic, centralised, and uniform
rule

British

The quest for wealth and power brought Europeans to Indian shores in 1498 when Vasco da
Gama, the Portuguese voyager, arrived in Calicut (modern Kozhikode, Kerala) on the west
coast
In 1510 the Portuguese took over the enclave of Goa, which became the center of their
commercial and political power in India and which they controlled for nearly four and a
half centuries
 INDIAN ECONOMY DURING BRITISH RULE
The decay of traditional industries, inadequate development of modern industries and
increasing dependence of the people on agriculture during the British period were
largely due to the overall impact of British policies. British policies which hindered
Indias path of economic development:

British Policy of Land System

British Policy of Industry and Commerce
British Policy of Revenue and Expenditure
Drain Of Wealth

British rule in India caused a transformation of Indias economy into a colonial

economy, i.e., the structure and operation of Indian economy were determined by the
interests of the British economy
 ADVANTAGES OF BRITISH RULE IN INDIA
Though the British almost destroyed the Traditional Culture and Treasures of India. It is to be
admitted that they did contribute to built a Modern India.

They brought English Education.

They introduced Modern Science.
They introduced Democratic Principles.
Birth and Development of Nationalism
Thousands of New Professions
Eradications of Social Anarchies
Introduced European Literature
Brought knowledge of Modern Movement
Introduced Modern Literature
Spread Modernization in all walks of life
Established Railway
GDP IN THE PAST

Source: Contours of the World Economy I-2030AD, Oxford

University Press
ECONOMIC GROWTH OF INDIA SINCE INDEPENDENCE

SOURCE: Ministry of Finance, Government of India, Department of Industrial Policy & Promotion
New economic policy of India,
1991
Liberalization, Privatization &
Globalization Period
 LPG:
July 1991,India has taken a series of measures to structure the
economy and improve the BOP position. The new economic
policy introduced changes in several areas.
The policy have salient feature which are: -
1.Liberlisation (internal and external)
2.Extending Privatization
3.Globalisation of the economy
Which are known as LPG. (liberalization privatization
globalization)
 REASONS FOR IMPLEMENTING LPG:
Excess of consumption and expenditure over revenue resulting in heavy
govt. borrowings.
Growing inefficiency on the use of resources.
Over protection to industries.
Mismanagement of the firm and the economy.
Increase in losses for public sector enterprises.
Various distortion like poor technological development, shortage of foreign
exchange and borrowing from abroad.
Low foreign exchange reserves.
GDP TRENDS AFTER IMPLEMENTING LPG POLICIES:
1950 TO 2014 TREND CHART OF SECTOR SHARE OF
TOTAL GDP FOR EACH YEAR, INDIA
 NEGATIVE IMPACTS OF LPG:

Agriculture is totally Neglected.

Loss to domestic units.
Increase dependence on foreign nations.
Unbalanced development.
Lack of welfare.
Increase in inequality.
Transfer of natural resources.
UPA GOVERNMENT GROWTH STORY:
INFLATION STORY IN UPA GOVERNMENT:
Policy Paralysis:
In after 2010 some scams came in a row like-
1. 2G scam
2. Coal scam
3. CWG scam
4. Chopper scam

Due to above scams the period of policy paralysis came it

was around 2010-2014(march).
In this period GDP Growth rate decreased rapidly.
It came down from 9.3%(2011) to 5%(2013).
SCAMS IN UPA GOVERNMENT:
 Coal allocation scam (or Coalgate) is a major political scandal concerning the Indian government's
allocation of the nation's coal deposits to public sector entities (PSEs) and private companies. In a draft
report issued in March 2014, the Comptroller and Auditor General of India (CAG) office accused
the Government of India of allocating coal blocks in an inefficient manner during the period 20042009.

The 2G spectrum scandal was an Indian telecommunications scam and political scandal in which
politicians and government officials under the Indian National Congress (Congress) coalition
government undercharged mobile telephone companies for frequency allocation licenses, which
they used to create 2G spectrum subscriptions for cell phones.

Indian Railway Minister Pawan Kumar Bansal's nephew, Vijay Singla, was arrested in Chandigarh on
3 May 2013 by sleuths of India's Central Bureau of Investigation for allegedly accepting a bribe of
9 million (9,000,000) rupees from Narayana Rao Manjunath on behalf of Mahesh Kumar, a member
of the Indian Railway Board, in exchange for getting a higher ranking position on the Railway
Board.

Squadron Leader Suresh Kalmadi (born 1 May 1944) is an Indian politician and senior sports
administrator He was formerly a member of the Indian National Congress. He was a member of
parliament from pune mill May 2014. He is alleged to have been involved in corrupt practices in
relation to the 2010 Commonwealth Games during his tenure as president of Indian Olympic
Association and chairman of Common Wealth Games 2010. He was charged with conspiracy,
forgery, misconduct and under provisions of the Prevention of Corruption Act.
EFFECTS OF SCAMS:
FOOD PRICES ANALYSIS IN UPA AND NDA:
 MAKE IN INDIA CONCEPT:

INTELLECTUAL PROPERTY NEW INITIATIVES

FACTS

FOREIGN DIRECT NATURAL

INVESTMENT MANUFACTURING
STEPS TAKEN BY CURRENT GOVT. TO REVIVE:
NEW INITIATIVES:
A new National Industrial Corridor Development Authority is being
created to coordinate, integrate, monitor and supervise development
of all Industrial Corridors.
Work on 5 smart cities in progress as a part of the Delhi-Mumbai Industrial
Corridor: Dholera, Shendra-Bidkin, Greater Noida , Ujjain and Gurgaon .
Chennai-Bengaluru Industrial Corridor: master Planning for 3 new
Industrial Nodes Ponneri (TN), Krishnapatnam (AP), Tumkur (Karnataka)]
in progress.
North-eastern part of India planned to be linked with other Industrial
corridors in cooperation with government in Japan.
New Industrial Clusters for promoting advance practices in
manufacturing.
Approval accorded to 21 Industrial projects under Modified Industrial
Infrastructure Upgradation Scheme with an emphasis on:
STEPS TAKEN BY CURRENT GOVT. TO REVIVE(CNTD.)
NEW INITIATIVE(cntd.):
Approval accorded to 17 National Investment and Manufacturing
zones.
An Act recognizing National Institute of Design (NID), Ahmedabad,
as an institute of National Importance notified. This will enable NID to
confer degrees, promote research and function as an Apex body in
Design Education. Four more NIDs are being developed.
Major impetus given to skill development through Indian Leather
Development Programme:
1. Training imparted to 62 , 816 youth at starting 100 days. .
2. It is further planned to train 1,44,000 youth annually.
3. For augmentation of training infrastructure, funds released for
establishment of 4 new branches of Footwear Design &
Development Institute at Hyderabad, Patna, Banur (Punjab) and
Ankleshwar (Gujarat).
STEPS TAKEN BY CURRENT GOVT. TO REVIVE(CNTD.)
FDI Addition:

100% FDI allowed in the telecom sector.

100% FDI in single-brand retail.
FDI in commodity exchanges, stock exchanges & depositories, power
exchanges, petroleum refining by PSUs, courier services under the
government route has now been brought under the automatic route.
Removal of restriction in tea plantation sector.
FDI limit raised to 74% in credit information & 100% in asset
reconstruction companies.
FDI limit of 26% in defence sector raised to 49% under Government
approval route. Foreign Portfolio Investment up to 24% permitted under
automatic route. FDI beyond 49% is also allowed on a case to case
basis with the approval of Cabinet Committee on Security.
STEPS TAKEN BY CURRENT GOVT. TO REVIVE(CNTD.)

INTELLECTUAL PROPERTY FACTS:

The Indian government has taken several initiatives to
create a conducive environment for the protection of
intellectual property rights of innovators and creators by
bringing about changes at legislative and policy level.
In addition, specific focus has been placed on
improved service delivery by upgrading infrastructure,
building capacity and using state-of-the-art technology
in the functioning of intellectual property offices in the
country. This measure has resulted in sweeping changes
in Intellectual Property administration within the country.
STEPS TAKEN BY CURRENT GOVT. TO REVIVE(CNTD.)

National Manufacturing:

The need to raise the global competitiveness of the Indian

manufacturing sector is imperative for the countrys long
term-growth. The National Manufacturing Policy is by far
the most comprehensive and significant policy initiative
taken by the Government. The policy is the first of its kind
for the manufacturing sector as it addresses areas of
regulation, infrastructure, skill development, technology,
availability of finance, exit mechanism and other pertinent
factors related to the growth of the sector.
 WHY INVEST IN INDIA:
Invest in India because India have 3Ds that worlds no
country have.
1. Demography-In india there is 65% population is
below 35.so it is working population.
2. Democracy-india is world largest democratic
country and it is first time in last 30 years the one
party got full majority in parliament.
3. Demand-india has largest middle class society in
world so there is a large demand
 VISIONS OF POLICIES:
India has already marked its presence as one of the fastest
growing economies of the world.
The country is expected to rank amongst the worlds top
three growth economies and amongst the top three
manufacturing destinations by 2020.
Favourable demographic dividends for the next 2-3
decades. Sustained availability of quality workforce.
The cost of manpower is relatively low as compared to other
countries.
Responsible business houses operating with credibility and
professionalism.
Strong consumerism in the domestic market.
Strong technical and engineering capabilities backed by
top-notch scientific and technical institutes.
EFFECTS OF POLICIES:
The recent announcement of rate cut by the
Reserve Bank of India will also support economy in
recovering.
Earlier this month, the RBI decided to cut the
benchmark repo rate by 1.25 percent to 6.5 percent
with a view to boost growth.

On the global front, steep fall in oil prices and

gradual recovery in the US economy are the two
major prevailing factors which directly impact our
economy.
 SIGNALS OF GROWTH:

After the new government came some signals of growth are started coming.

World bank project that India will beat china in gdp growth and will
become fastest growing country in world.

Accordingly world bank india will achieve gdp growth of 7.6% In

compare with chinas 7% growth rate this year.
 GDP OF INDIA:
INDIA has its GDP $2.621 trillion that is 10th largest
economy in world .

It is predicate that india will be 6th largest

economy until 2025.
3rd largest economy until 2050.
 IMF FORECAST FOR INDIAS GROWTH RATE:

In 2014, India's growth rate was 5.8 per cent against

China's 7.4 per cent, said the World Economic Report
update released by the International Monetary Fund

According to International Monetary Fund(IMF)India

is projected to grow at 6.3 per cent in 2015 and 6.5
per cent in 2016, when it is likely to cross China's
projected growth rate of 6.3 per cent.
 KEY POINTS
To make India a preferred manufacturing hub.
To improve ease of doing business in India by eliminating the beaurocratic
obstructions, deregulating, relicensing and introducing a single simple & supportive IT
based platform for industries.
Providing supporting infrastructure like road and electricity for manufacturing
industry and make the government an encouraging proactive partner to positively
promote industrial activity within India.
Aims at increasing the share of manufacturing to 25% from current 15% of Indian GDP
till 2025.
To promote the 3D democracy, dividend and demand advantage of India at world stage
to encourage more investment to set up manufacturing facilities in India which will
increase employment opportunities for Indian workforce.
Opening of FDI in defense, construction and railways.
 OUR OPINION FOR RELAUNCH OF INDIAN ECONOMY
Welfare of agriculture sector by profitable policy reforms and FDI in rural
infrastructure. Better Schemes for financial inclusion to tackle problem of
disguised unemployment.
The biggest assets of Indians: Savings and gold.
Improvement of basic infrastructure like Road and electricity to facilitate the
Industrial investment in India.
Promote more Private investment, NRI investments and FDI.
More investment in R&D innovation in universities.
Better management of government subsidy.
PSU privatization.
Tax reforms
CONCLUSION:
India as one of the most significant countries in the world will
help shape a "new world order" that is emerging in this
century.
If India continues it's recent emphasis on skill development to
harness the huge potential of the human capital that it
possesses than it can indeed become the global
superpower that everyone is expecting it to become and
make this 21st century an "Indian century.
If India is free from Scams, Corruption, Lack of Leadership
then it will become a new superpower in upcoming years.
 REFERENCES & SOURCES:
Reserve Bank Of India.
The International Monetary Fund(IMF).
World Bank.
Public Policy Research Centre.
CSO, Care.
India Brand Equity Foundation(IBEF).
Central Statistical Organization, National Accounts Statistics.
http://www.makeinindia.com
http://www.Wikipedia.org
Google Images.