Developing India’s Economy:

The main steps By Avani, Philip, Aidan and Pier

 Problem

vWhat are the strategies that India

is adopting to develop itself?
v
vThese different strategies are
applicable to India and under
what conditions?
v
vAre these strategies have known
success in India that have
applied?
 O ve rvie w


I. Import and export strategies



I.
II. Promoting MNCs to invest & their


effects


III. Modernization of Agriculture



IV. The Foreign Direct Investments



V. The external debt




stria liza tio n th ro u g h im p o rt su b sti

“


Most imports are from outside of the country

”


 Ambros Bierce
quotes.
Foreign direct investment
• Definition
• Foreign Direct Investment (FDI) is
permited
– Through financial collaborations.
– Through joint ventures and technical
collaborations.
– Through capital markets via Euro issues.
– Through private placements or
preferential allotments.
• Forbidden Territories:
– Arms and ammunition.
– Atomic Energy.
Foreign direct investment
• The benefits of FDI:
– New jobs
– The transfer of technology skills
– Currency earnings


• The limits of FDI:

– low wages
– poor working conditions
– Expulsion of local businesses

Foreign direct investment (2)
 The External Debt
• Definition
•
References