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. At the beginning, in 2001 only four of categorized as developing countries started BRIC: Brazil, Russia; India and China, at that time wereRead MoreGlobal Cultural Business Analysis of India771 Words   |  4 PagesGlobal Business Cultural Analysis of India BUSI 604: International Business The nation that I have chosen for this Global Business Cultural Analysis research project is India. India has one of the fastest growing and largest economies despite being one of the poorest countries. â€Å"India has emerged as the worlds third largest economy, in terms of Purchasing Power Parity (PPP), just behind the U.S. and China, according to a report from the World Bank† (BawabaRead MoreChina, India, and Multinational Enterprises Essay1092 Words   |  5 PagesInternational Monetary Fund (IMF), World Economic Outlook, advanced economies with deficits will need to compensate for decreases in domestic demand with increases in international exports. Emerging markets such as China and India will compensate by shifting from international markets to their own domestic markets. The IMF has also projected that China will overtake the US economy by 2015 and India is expected to be equal in size to the US economy by 2020 (International Monetary Fund (IMF), 2011). It is cle arRead MoreIndia s Growth Of Domestic Market954 Words   |  4 Pagesgrowth of domestic market. This led Brazil to a balance of payment shortcoming since there were more import goods rather than exports. Because of this flaw, there have been a lot of government’s intervention in the market. But such intervention could not fix the failure in the market and the import goods were still exceeding. This period of industrialization in Brazil is viewed as the background of the later decline of its regular commodities exports. Within the similar period, India also adopted theRead MoreSwot Analysis for Indian Construction Industry.Pdf1694 Words   |  7 PagesMarket Research in India 1 MARKET RESEARCH ON CONSTRUCTION INDUSTRY IN INDIA This chapter comprises of the following sections; 1. Introduction 2. Outlook of Construction Industry 3. Overview of the Construction Industry in India 4. SWOT Analysis on Construction Industries in India 5. Problems faced by Construction Industry 6. Leading Construction Companies in India 7. Conclusion Introduction The construction industry is the second largest industry of the country after agriculture accounting forRead MoreIndi An Emerging Power1743 Words   |  7 PagesGlobalization and technology have generated many changes to the world’s economy as it has opened the doors for businesses all over the world to international markets. This means, expanding their economies by growing their target market areas. Now a day, businesses don’t talk about understanding their local markets, but understanding the global market. Some developing nations have taken advantage of this opportunity to grow their economies and they are working on becoming a global power. International OutsourcingRead MoreIndi Indias Economic Effect On The United States1717 Words   |  7 PagesCultivating India: How India Is Growing and Why It Matters to the United States Introduction A. The Importance of India in the Global Market (include problem and Thesis statement that answers it) B. Preview: why and how india’s economy is growing and competing globally C. Preview: india’s economic effect on the u.s. economy Factors of India’s Economic Growth (II) Several growth factors contribute to India’s burgeoning national and global economic presence. Having the largest population of youthRead MoreIndia s Growth Of The Indian Economy1517 Words   |  7 Pagesentrepreneurship is playing an excellent role in boosting up the Indian economy by working as driving force in the market. Many young entrepreneurs are coming forward and setting up their ventures in different parts of India. These initiatives are opening the way for plenty of jobs for the young jobseekers which is prime necessity for the development of any economy like India. (Quote this by current unemployment data). India is recognized as a talent hub in the world which shows that from here anybodyRead MorePolitical regimes between China and India1550 Words   |  7 Pagesï » ¿When people are seeking new opportunities in other countries, China and India is popular choices for investor as the two most populous on the Earth. Both are emerging economies that have illustrated average GDP growth greater than 7 percent over the few years*. 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