india vision 2020 (economy)
DESCRIPTION
Expectation about Indian economy in 2020TRANSCRIPT
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