Tuesday, December 24, 2019

Building a Market Economy in India - 1521 Words

ASSIGNMENT ON BUILDING A MARKET ECONOMY IN INDIA THE RISE OF ISLAMIC BANKING IN PAKISTAN Prepared for: Prof. Dr. Masud Rahman Prepared by: Gazi Md. Ali Zafar Roll-1003013 BANGLADESH UNIVERSITY OF PROFESSIONALS Mirpur Cantonment, Dhaka-1216 BUILDING A MARKET ECONOMY IN INDIA 1. What were the features of pre reform India and what were the justifications of that? Answer: The features of pre reform India were as following: a) The economic system that developed in India after 1947 was mixed economy system characterized by a large number of state-owned enterprises, centralized planning, and subsidies. b) This system constrained the growth of private sector and that time in India private companies could expand†¦show more content†¦India’s privatization program has had a bumpy record and was often slowed by political opposition; in 1999 some 240 state-owned enterprise were still scattered across many sectors of the economy and accounted for 15 percent of India’s GDP. But the program was progressing at a fairly rapid price in the early 2000s with 30 state-owned enterprises privatized in 2002. f) The response to these economic reforms has been impressive. After taking economic reform program in India; foreign direct investments, economic growth, export increases. Judged with some measures, we saw some of the positive and negative aspects in India with taking many of the economic reform programs and followings are given below: Impressive experiences a) With taking many of the economic reform program the Indian economy expanded at an annual rate of about 6.1 percent from 1994 to 2004 and foreign direct investments was attractive for foreign companies thought the Indian economy was jumped from $150 million in 1991 to $4.3 billion in 2003. b) Some economic sectors have done particularly well especially emergence of IT sector as a vibrant global center for software development resulting in export revenue of Indian’s software services market increased from less than $500 million in 1990 to $7 billion in 2003. c) Increase of export ofShow MoreRelatedBrics Case Study1020 Words   |  5 Pagesstands for Brazil, Russia, India and China, originated in a Goldman Sachs paper – Building Better Global Economic BRICs – as part of an economic modelling exercise to forecast global economic trends over the next half-century.† BRICS – breaking it down is a combination of the first letters of its members: - Brazil; Russia, India, China and South Africa. 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Noticeably, both India and China are largest avoided by the global economics crisis in 2010,maintaining above GDP growth when western countries are suffering economics contraction. Despite of successful changes, we still need to considerRead MoreMary Kay case1568 Words   |  7 Pagesï » ¿Question # 1 Mary Kay products have been seen to sell in more than 35 markets expanding across 5 continents. Mary Kay’s sales force exceeds 2 million globally with potential markets such as the Indian and Asia- Pacific areas that represent extensive growth opportunities. Mary Kay is focused on expanding into the Indian Market, due to its large population and market size. With the large population of middle class growing to a total of 500 million individuals will give Mary Kay the opportunity to

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