INDIA/india
- 1. INDIA IS GROWING BUT NOT DEVELOPING AS A NATION
- 2. Tenth most Industrialized country & the third largest economy (PPP) Known strength in software and manufacturing GDP (2013): USD $4.99 trillion PPP) ~$1.67 trillion at official exchange rate Exports USD 313 billion in FY 2013-14 Imports USD 467 billion in FY 2013-14 Inflation rate is 9.6% in FY 2013-14 GDP real growth rate (2013- 14) 3.2 % vs 7.5% in 2010- 2011 Industry production growth now 8.5% Strong Equity Market. Capitalization: ~$600 Bn Corporate earnings growth > 20% last three years. GDP composition by sector: agriculture: 17% industry: 25% services: 56% Poverty rate: 29%; Unemployment rate: 8.8% India- Fact File India: Fact File & Economic Outlook India- Economic Outlook Source: CIA, World factbook
- 3. GDP (US$bn) India emerging as the third largest economy, 2050 BRIC Report
- 4. Backed by strong fundamentals INDIAs GDP & among Top 5 economies ( PPP ) SOURCE : WWW.QUANT. ASIA Indias GDP Among the top 5 economies (PPP)
- 5. India Growth Story The factors driving growth Population & demographic trends: Indias growth dividend Human capital Rising integration into global trade and investment Investment trends: huge potential in infrastructure Policy and institutional determinants of growth Vibrant and substantial domestic market
- 6. Is India developing as a nation??? India is growing however Development is not there in terms of: Low agriculture growth Low quality employment growth Low human development Rural urban divides Gender and social inequalities Regional disparities Future GDP Growth Currently a $1.67 trillion Economy with a population of 1.27(2013) billion To sustain 9% growth & progress to a double digit growth rate inclusiveness of all members of society is required. Recognition that inclusive growth should be achieved to reduce poverty & raise economic growth
- 8. Elements of development as a Nation Poverty Reduction & increase in quality and quantity of employment Reduction in regional disparities Agricultural Development Social Sector Development Protecting the Environment Five inter-related elements of Development
- 9. 1. Poverty level more in few states - Bihar, Uttar Pradesh , MadhyaPradesh ,Orissa, Chhattisgarh & Jharkhand. 2. In state Like Maharastra , Gujarat ,Tamilnadu & Karantaka, AndhraPradesh 1/3 rd of Population living under poverty. 3. Concentrated among agricultural labourers, casual workers,Scheduled Castes and Scheduled Tribes. 4. 70% of the poor are from rural areas. Poverty Source : www.equitymaster.com
- 10. Nearly three-quarters of Indias families depend on rural incomes. The majority of Indias poor (some 770 million people or about 70 percent ) are found in rural areas. Indias food security depends on producing cereal crops, as well as increasing its production of fruits, vegetables and milk to meet the demands of a growing population with rising incomes. Ref : world bank Issues and Priorities for Agriculture
- 11. Social Sector Development Malnutrition Lota Syndrome Sanitation facility access Education & Skill Drinking Water Sources Human Development Index Healthcare Infant Mortality Rate Literacy Child labour
- 12. Regional Disparities In general, richer states grew faster than the poorer state Post-reform period Income inequality across the States increased & its worsening. Benefits of economic growth have been largely confined to the better developed areas. Paradoxically, it is the natural resource-rich areas which continue to lag behind Growth Rates have been lower in the poorer states. Income : Per capita net state domestic product at current prices (2009-10) Highest Rs.77,878 in Haryana, lowest Rs. 14,654 in Bihar , All-India Net National Income / capita- Rs. 44,345 Human Development Indicators - Female infant mortality rate -13(12) in Kerala to 72(70) in Madhya Pradesh. Literacy rate varies from 47% in Bihar to 91 % in Kerala Source-Eco. survey 10-11 Causes Investment in physical and Technology Governance human capital 1/29/2012 29 CAUSES Investment in physical & human capital Technology Governance
- 13. Environmental Problems It takes 1000 years for a plastic bag to degraded : effects on ground water & land quality Energy generation : Mostly from coal in India Thermal Power Floodwaters Effect of climate change ? Deforestation : A Single tree will absorb approx. one ton of CO2 in its life time. Manufacturing Industries : Steel , Cement , etc. Rapid increase in vehicles using fossil fuels.
- 14. CONCLUSION Development is not purely an economic phenomenon but rather a multi dimensional process involving reorganization and reorientation of the entire economic and social system. Pollution control is fundamental and essential as to avoid long term damage to the environment as a consequence of acid rain, green house effect and possible Global Warming, and the threat to the ozone layer. The resources & the infrastructure will make it possible for the weakest Indians to receive the benefits of economic growth. The Government, the public sector, private sector , NGOs , Media and civil society has to play a active constructive role.
- 15. Let all people be happy, Let all live with complete health, Let all know what is good & what is not so good, Let no body be subjected to troubles By : Aftab Siddique