india vision 2020 (economy)

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Expectation about Indian economy in 2020

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INDIA VISION 2020 : INDIAN ECONOMY

INDIA VISION 2020 : INDIAN ECONOMYAjayRaviRohitChirag

Manufacturing Sector contribution to GDP - 25% in 2020Presentation FlowCurrent ScenarioProblemPossible reasons for manufacturing sector slow growthWhy growth of manufacturing sector is important for India ?Possible SolutionsCurrent Scenario 2013Manufacturing Growth Rate 2.5%GDP Growth Rate 4.8%Current Account Deficit- $70 billion (3.8% of GDP)Inflation Rate 6.1%

State of Manufacturing Sector

State of Manufacturing Sector

ProblemsManufacturing sector contribution to GDP is low 15%The overall growth of the economy is slow because of slow manufacturing sector growth.

ProblemsUnemploymentWidening CADFiscal deficit Rs 5.1 trillion (4.8 % GDP)Rupee Depreciation

Why growth of manufacturing sector is important for India ?

Employment generationIncrease exportsReduce CADRupee Appreciation Important Government AttemptsNational Manufacturing Policy (NMP)Passed in 2011Increase the share of manufacturing in GDP to at least 25 %Create 100 million jobs by 2022Enhance global competitiveness of the sectorIncrease gold import duty 10%Possible SolutionsEffective implementation of plans and policies Improve physical infrastructureVocational Education skill developmentReduction of regulatory burdenReduction of transaction costs for exporters THANK YOU