Competitive Challenge In Indian Economy

Yuefei WuKeaton Grein

Yisi Liu

OverviewCountry Profile

Brief Background

Competitive Challenge

facing India

Higher Education

Gap

Population Constraints

Indian Policies to prosper growth

Concluding thoughts

Country Profile Some Facts of India

Nominal GDP ranked 10th

PPP ranked 3rd Member of G-20

major economies and BRICS

19th largest exporter10th largest importerEconomic growth

rate was 6.5%

Country Profile The rise of India

Source: data from MOSPI http://en.wikipedia.org/wiki/File:India_GDP_without_labels.PNG

SynopsisHow India has emerged

Bilateral Trade Agreements (Trade Relations)Indian Ambassador CarShift from labor intensive industries to capital

intensive (K/L = 1 or > 1)

Did you know?India is the largest democracy in the world

Higher Education Gap

Source: Seventh All India School Education Survey

Higher Education Gap

572,814

193,94763,576 22,84778,250 51,375 27,165 21,022

Number of Schools in India

Rural Area Urban Area

Source: Seventh All India School Education Survey

Global OverviewAge participation rates grown from 19% in

2000 to 26% in 2007150.6 million tertiary students globally in

2007, 53% increase over 2000From 5% in 2000 to 7% in 2007 in low

income countriesAPRs in India has increased by 65%

Access to Higher Education

Source: http://www.col.org/resources/speeches/2012presentations/Pages/2012-08-30b.aspx

Competitive Challenge: Population Constraints

Population: 1.21 billion 1.312%

GDP per capita Comparison within India

Competitive Challenge: Population Constraints

Slum population: 62% in Bombay

Unemployment: high unemployment rate slows down urbanization process

Competitive Challenge:Indian Policies to prosper growth

“Developing countries vary so much in population, area, resources, GNP, income distribution, etc. that only relatively vacuous

generalizations can apply to the whole group” Source: ALI, H. T., VERMA, A., JAYESH, H. H., PARKINSON, J., SHARMA, P., RAJA, A., & ... SANCHEZ*, A. (2012).

India. International Lawyer, 46(1), 553-563.

Polices in EffectMonopolies and Restrictive Trade Practices Act, 1969

(i) that the ownership and control of material resources of the community are so distributed as to best serve the common good

(ii) that the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment.

The Special Economic Zones Act, 2005The pillars to achieving self sustainability (Internal

reliance)provide for the establishment, development and

management of the Special Economic Zones

Conclusion

VS

Presentation CitationsWorld Wide Web CIA, The world factbook—India.

https://www.cia.gov/library/publications/the-world-factbook/geos/in.html

Google Public Data India Embassy Websitehttp://commerce.nic.in/aboutus/actspdfs/SEZ%20Act,%202005.pdf

Peer Review Article ALI, H. T., VERMA, A., JAYESH, H. H., PARKINSON,

J., SHARMA, P., RAJA, A., & ... SANCHEZ*, A. (2012). India. International Lawyer, 46(1), 553-563.