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indian model of economic development

indian model of economic development

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Published by Ameer Taimur Ali

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Published by: Ameer Taimur Ali on Nov 25, 2010
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11/01/2012

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6/30/2010Group Members |Ali Butt, Ameer Taimur Ali, Shamail Arzu
R
EPORT
 
I
NDIAN
S
M
ODEL
O
F
E
CONOMICS
D
EVELOPMENT
 
 
Indian Model Of Economic Development Page|
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Abstract
This research paper will tell u about the Economic model of Indian growth. We have chosen fivemodels and evaluate then that what are the factors which are a hindrances in the path of success.What are the factors and how we can learn from those problems? How Indian economy movedfrom a socialist economy and where it is standing right now. What steps their finance minister took in order to manage the obstacles.The economic development of India was dominated by socialist-influenced policies, state-ownedsectors, and red tape & extensive regulations, collectively known as "License Raj". It led thecountry and its economy isolated from the world economy. However the scenario startedchanging from the mid-1980s, when India began opening up its market slowly through economicliberalization. The policy played a huge impact on the economic development of India. TheIndian economic development got a boost through its economic reform in 1991 and againthrough its renewal in the 2000s. Since then, the face of economic development of India haschanged completely.The economic reform of 1991 played a pivotal role in the economic development of India.Reaping its benefit, the growth of the country reached around 7.5% in the late 2000s. It is alsoexpected to double the average income within a decade. According to the analysts, if India can push more fundamental market reforms, it will be able to sustain the rate and can even achievethe government's target of 10% by 2011
 
Indian Model Of Economic Development Page|
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Acknowledgement
 I would like to given my first priority to
 Almighty Allah
 , who is the Greatest Creator of universe, Most Merciful and Omniscient. He is only alone and has no relationship with others. He has ownopinion to do everything. He blessed and inspired me with his compassionate to complete myresearch work satisfactory for which I am humblest thankful to God and worship Him. I also my gratitude with heart and soul to my
 Holy Prophet 
(P.B.U.H), the most exalted. He gavethe Islamic constitution to the Muslim to live according to the Islamic rules. I offer my heartiest gratitude to my honorable teacher 
 Dr. Aslam
 

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