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    K.Kiran Kumar
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    India is now the economy largest and it will cross Japan between 2012 and 2014 to become the 3rd largest Reasons for Success India's success is market led whereas China's is state induced. 1% of the people have been crossing poverty line each year for 20 years. Equals 200 million. India Story 5. Per capita income gains (us$ ppp) 1980 2000 1178 3051 Source: World Bank India Story 6. Productivity is rising 30% to 40% of GDP growth is due to rising productivity.

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    India is now the economy largest and it will cross Japan between 2012 and 2014 to become the 3rd largest Reasons for Success India's success is market led whereas China's is state induced. 1% of the people have been crossing poverty line each year for 20 years. Equals 200 million. India Story 5. Per capita income gains (us$ ppp) 1980 2000 1178 3051 Source: World Bank India Story 6. Productivity is rising 30% to 40% of GDP growth is due to rising productivity.

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    5 views18 pages

    20th Dec CM Amisha Sharma

    Uploaded by

    K.Kiran Kumar
    India is now the economy largest and it will cross Japan between 2012 and 2014 to become the 3rd largest Reasons for Success India's success is market led whereas China's is state induced. 1% of the people have been crossing poverty line each year for 20 years. Equals 200 million. India Story 5. Per capita income gains (us$ ppp) 1980 2000 1178 3051 Source: World Bank India Story 6. Productivity is rising 30% to 40% of GDP growth is due to rising productivity.

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    of 18

    INDIA RISING

    Even though the world has just discovered it, the India growth story is not new. It has been going on for 25 years old

    What is the India story?

    India Story

    1) Rising GDP growth


    % average annual GDP growth

    1900 1950 1950 1980 1980 2002 2002 2006

    1.0 3.5 6.0 8.0

    Sources: 1900-1990: Angus Maddison (1995), Monitoring the World Economy, 1990-2000:Census of India (2001), 20002005 Finance Ministry

    India Story

    2) Population growth is slowing


    % average annual growth

    1901 1950 1951 1980 1981 1990 1991 2000 2001 2010

    1.0 2.2 2.1 1.8 1.5

    Sources: 1900-1990: Angus Maddison (1995), Monitoring the World Economy, 1990-2000:Census of India (2001)

    India Story

    3. Literacy is rising
    1950 1990 2000 2010 (proj)

    % 17 52 65 80

    Source: Census of India (2001)

    India Story

    4. Poverty is declining
    1980 2000 2010 (proj) 46% 26% 16%

    1% of the people have been crossing poverty line each year for 20 years. Equals ~ 200 million.

    India Story

    5. Productivity is rising

    30% to 40% of GDP growth is due to rising productivity

    India Story

    6. Per capita income gains


    (US$ ppp)
    1980 2000 1178 3051

    Source: World Bank

    India Story

    7. India is now the economy

    th 4

    largest

    And it will cross Japan between 2012 and 2014 to become the 3rd largest

    8.Eduacation comparison

    Reasons for Success


    Indias success is market led whereas Chinas is state induced. The entrepreneur is at centre of the Indian model

    What explains Indias economic success?


    1) Even slow reforms add up-state getting out of the way

    2) Young minds are liberated


    3) India has found its competitive advantage in the knowledge economy

    Looking Forward
    7% - 8% economic growth 1.5% Population growth

    What could stop the show?


    Fiscal deficit Infrastructure Bad governance Nuclear war

    Corporate Governance - High in India


    - Low in China

    India has law, China has order


    -India got democracy before
    capitalism and this has made all the difference -It will be slower than China but its path will be surer -India more likely to preserve its way of life

    THANK YOU

    THE JOURNEY HAS JUST BEGUN By : Amisha Sharma

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