indian eco priyank jain
TRANSCRIPT
![Page 1: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/1.jpg)
INDIA’S ECONOMIC REFORM
PRIYANK JAIN
![Page 2: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/2.jpg)
Even though the world hasjust discovered it, the India
growth story is not newIt has been going on for 25 years
![Page 3: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/3.jpg)
28 years of high growth
1.0
3.5
6.08.67
Average annual GDP growth
0
2
4
6
8
10
1900-1950 1950-1980 1980-2002 2002-2011
(%)
![Page 4: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/4.jpg)
Literacy is rising
Source: Census of India (2001)
17
5158
71
0
20
40
60
80
100
1950 1990 2000 2011
(%)
![Page 5: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/5.jpg)
Poverty is declining
46
26
16
1% of the people have been crossing poverty line each year for 25
years
Equals ~ 200m
0
10
20
30
40
50
1980 2000 2011
(%)
![Page 6: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/6.jpg)
Per capita income gains
Source: World Bank
US$ ppp
20113,321
19801,178
![Page 7: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/7.jpg)
India is now the 4th largest economy
It will overtake Japan between 2012 and 2014 to become the 3rd largest
![Page 8: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/8.jpg)
Rise of globally competitive Indian companies
![Page 9: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/9.jpg)
India has a vibrant private space
100 Indian Companies have market cap of US$ 1bn 1,000 Indian Companies have received foreign
institutional investment 125 Fortune 500 companies have R&D bases in
India 390 Fortune 500 companies have outsourced
software development to India
2% bad loans in Indian banks (v~20% in China)
![Page 10: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/10.jpg)
Key reforms Opened economy to trade and investment Dismantled controls Lowered tariffs Dropped tax rates Broke public sector monopolies
![Page 11: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/11.jpg)
Understanding India’s economic success
Remarkable --every government has reformed (slowly) since 1991
Even slow reforms add up 65 countries have done the same reforms –
why did India become the second fastest growing country in the world?
![Page 12: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/12.jpg)
Per capita income
2,100 3,0505,800
16,800
37,000On a ppp basis
2000 2005 2020 2040 20660
10
20
30
40 ($000)
![Page 13: Indian eco priyank jain](https://reader034.vdocuments.mx/reader034/viewer/2022042611/588238351a28ab31228b57c9/html5/thumbnails/13.jpg)
THANK YOU…!!