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Even though the world has just discovered it, the India growth story is not new. It has been going on for 25 years old
India Story
Sources: 1900-1990: Angus Maddison (1995), Monitoring the World Economy, 1990-2000:Census of India (2001), 20002010 Finance Ministry
India Story
1901 1950 1.0 1951 1980 2.2 1981 1990 2.1 1991 2000 1.8 2001 2010
1.5
Sources: 1900-1990: Angus Maddison (1995), Monitoring the World Economy, 1990-2000:Census of India (2001)
India Story
3. Literacy is rising
1950 1990 2000 2010 % 17 52 65 80
India Story
Million People
8 22 32
65 220 368
India Story
5. Poverty is declining
46% 26%
1% of the people have been crossing poverty line each year for 20 years. Equals ~ 200 million.
India Story
6. Productivity is rising
India Story
India Story
th 4
largest
And it will cross Japan between 2012 and 2014 to become the 3rd largest
DRIVERS OF GROWTH
India
Domestic
DRIVERS OF GROWTH
India
Domestic Services
DRIVERS OF GROWTH
India
Domestic Services Consumption
DRIVERS OF GROWTH
India
Domestic Exports Services Manufacturing Consumption Investment High tech, capital Low tech, labour intensive industry intensive industry
+ + -
Dynamic democracy Free, lively media and press Poor governance High subsidies High fiscal deficit No money for infrastructure
The worlds economic centre of gravity is shifting-away from the established, wealthy economies of Europe, Japan, and North America and towards the Asia Pacific India is one of the fastest-growing large economies in the world. Over the last 15 years India has changed much faster than many predicted.
Eating habits
From traditional meals to Indianised McDonalds
Mid-nineties,
the efficacy of an exchange scheme and the number of channels a company offered
Today
sophistication -one of the fastest growing segments of the market is high-end flat TVs
As Indians have grown richer, they have begun to spend more on vehicles, phones, and restaurants, according to recent research on consumption patters by Deutsche Bank.
Conclusion
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