india as future power
TRANSCRIPT
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India as the FutureIndia as the Future
SuperpowerSuperpower
Presented By:Presented By:--
Saira Ansari (03)Saira Ansari (03)
Anupam Kaushik (16)Anupam Kaushik (16)
Dhruvin Shah (20)Dhruvin Shah (20)
Rajiv Siddhartha (21)Rajiv Siddhartha (21)
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Indicators 1990-91 2006-07
Real GDP USD 48 billion USD 759 billion
GDP growth 5.30% 9.4%
Forex Reserves USD 1 billion USD 312 billion
FDI USD 0.36 billion USD 15.7 billion
Inflation 10.30% 4.60%
Labour Force 364 million 520 million
Average Literacy 52.20% 65.40%
Indicators are the strongest they haveIndicators are the strongest they have
ever beenever been
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Real GDP (2006)Real GDP (2006)
12457
4617
28292225 2213 2132 1720
787 7590
2000
4000
6000
8000
10000
12000
14000
USA Japan Germany China UK France Italy Brazil India
(USD Billion)
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India ranks 4India ranks 4THTHon PPPon PPP
0 2 4 6 8 10 12 14
USA
UK
Germany
India
China
Japan
12.41
1.87
2.45
3.7
8.18
3.91
(USD Trillion)
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0
5000
10000
15000
20000
25000
30000
35000
40000
45000
China USA India Japan Brazil Russia UK Germany France
44453
35165
27083
66736074 5870
37823063 3148
(USD Billion)
India is expected to be the 3India is expected to be the 3rdrd largest economy by 2050largest economy by 2050
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India is the only Economy expected to grow at ratesIndia is the only Economy expected to grow at rates
significantly above 5% between 2005significantly above 5% between 2005--20502050
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India has the 5India has the 5thth largest Forex reserveslargest Forex reserves
amongst developing economiesamongst developing economies
0
100
200
300
400
500
600
700
800
900
1000
China Taiwan South Korea India Russia Hong Kong Singapore Malaysia Mexico
950
310 302280
225
152 144132
85
(USD Billion)
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Major FDI driversMajor FDI drivers
13%
17%
25%
32%
13% Government incentive
Wages
Labour Force Skills
Market Size Potential
Opportunities in InfrastructureDevelopment
India is the second most favoured destination for FDI
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Future of FDI flowsFuture of FDI flows
The prospects appear better than in
the past because of the growth
phase in the Indian economy
Sectorally also there is a lot of scope
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Electrical Equipments and Telecom areElectrical Equipments and Telecom are
the highest recipients of FDIthe highest recipients of FDI
33%
15%
4%
1%2%
16%
5%
10%
4% 10%Electrical Equipment
Services
Drugs and pharmaceuticals
Food Processing Industries
Fuels
Telecom
Transportation
Chemical
Mettalurgical Industry
Cement and Gypsum Products
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InflationInflationLow and stable level of inflation is
conducive for growth.
High inflation is harmful for the common
man and also is bad for investment.
Thus we feel that inflation rates will hover around 4% in the nearfuture as it is conducive for growth
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Growth in the labour forceGrowth in the labour force
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
(In Million)
668.1
520
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Recognition of the workforce problemRecognition of the workforce problem
...spurred by the retirement of more than 61 million workers in the next 30
years, workforce will be short of almost 5 million workers by 2011 and almost 36
million workers by 2031...
- Ed Potter, President, US Employment Policy Foundation
Germany would have to bring in 1.2 million immigrants annually if Europe's
biggest economy and world's third largest economy hopes to avoid a crippling long-term labour shortage due to the ageing of its own work force.
- German Institute of Economic Research, 2001
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Recognition of the workforce problemRecognition of the workforce problem
By 2003 the U.K. will lack 300,000 skilled IT workers, causing a significant cost to
businesses productivity. This skills gap is forcing up the average salary of a skilled
IT Manager to over 70,000 - a cost that many small and medium-sized businesses
struggle to justify
- European commission research, 2000
...ageing of society is the biggest problem facing Japan.....Japan would
need 600,000 immigrants a year to make up for the shortfall in itsworkforce later this decade
- The Guardian, U.K., Aug 2, 2001
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LiteracyLiteracy
Education holds the key to economic growth and social
transformation
There is enough evidence in India to show that a high literacy
rate, especially in the case of women, correlates with low
birth rate, low IMR and increase in the rate of life expectancy
This is not simply to foster social justice but also to foster
economic growth, social well- being and social stability
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Literacy(contd)Literacy(contd)
The National Policy on Education formulated in1986 and modified in 1992 aims to play apositive and interventionist role in correctingsocial and regional imbalances
There is also an obligation, under the
Constitution's 86th Amendment, for makingavailable free and compulsory education to allchildren in the age group of 6-14 years.
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Literacy(contd)Literacy(contd)
Budget AllocationBudget Allocation-- Education continues to enjoy primacy in
the recent budget of 2007-08 and the allocation for schooleducation has been enhanced by about 35 per cent fromRs.17,133 crore in 2006-07 to Rs.23,142 crore in 2007-08.
MeansMeans--CumCum--Merit ScholarshipsMerit Scholarships-- It has also been
proposed in the 2007-08 budget to introduce National Means-cum-Merit Scholarship Scheme to arrest drop out ratio
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SarvaShiksha AbhiyanSarvaShiksha AbhiyanIt is an effort to universalise elementary education by
community-ownership of the school system.
Objectives of Sarva Shiksha AbhiyanObjectives of Sarva Shiksha Abhiyan
All children complete five years of primary schooling by 2007
All children complete eight years of elementary schooling by 2010
Focus on elementary education of satisfactory quality with
emphasis on education for life Bridge all gender and social category gaps at primary stage by 2007
and at elementary education level by 2010
Universal retention by 2010
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TargetedLiteracyTargetedLiteracy
India plans to attain 85% literacy by
the end of the 11th five year plan
United Nations has set a goal for
100% literacy by the year 2015
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ConclusionConclusion
As seen , all the indicators discussed in thispresentation are showing positive signs and are thus
conducive in making India the next superpower.
However, we must ensure that roads, flyover and all
other infrastructure is developed , and the inequalitymust be reduced. After all, growth must benefit alland not a particular section of the society
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ThanksThanks