A NEW MANDATE FOR REFORM

ASHWINI SETH SONALIKA BANSAL MOHINI BANSAL POOJA SONI NASIR QURESHI

EXPERT GUIDANCE BY DR.VANDANA BHARATI

 JAWAHARLAL NEHRU AS INAUGRAL PRIME

MINISTER OF INDIA ON THE VERGE OF INDEPENDENCE EXCHANGE RESERVE WERE AMONGST THE WORLD LARGEST I.E $2.1 BILLION.
17% OF WORLD POPULATION GENERATED ONLY

4.7 GDP GROWTH AVERAGED UNDER 9% FROM 2003-07 AND SLOW DOWN TO 6%

INDIA`S AT EARLY AGE BUILDING A SOCIALIST DEMOCRACY GOVERNMENT INTERVENTION THE REFORM YEARS THE 2009 ELECTION INDIA`S FOREIGN RELATION INDIA TODAY SOCIETY AND CULTURE MARKETS FACTOR MARKETS TECHNOLOGY INSTITUTION BUSINESS GOVERNMENT

 4TH AND 5TH CENTURY HINDU AND POLICAL

CULTURE EMERGED AS DOMINANT 10TH CENTURY MUSLIM INVADERS CAME TO INDIA DISCOVERY OF SEA ROUTE TO INDIA BY VASCO DA GAMA IN 1498 BRITISH EAST INDIA COMPANY SETUP TRADING STATION IN MADARAS ,BOMBAY AND CALCUTTA. BRITISH GOVERNMENT MADE LIMITED CONCESSION TOWARS SELF GOVERNANCE.

 REPULIC OF INDIA DIVIDED IN 28 STATES AND 7

UNION TERRITORIES. THE GOVERNMENT EXCUTIVE BRACH CONSIST OF PRESIDENT BY PARLIAMENT AND LEGILATIVE ASSEMBLY. LOK SABHA INCLUDE 250 MEMBER AND RAJYA SABHA INCLUDE 530 MEMBERS.

 G OVERNMENT INTERVENT BY SET PRICE TO

HELP INFLATION AND PROMOTE PROFITABILITY

CENTRAL GOVERNMENT INCREASE INDIRECT

CONTROL OVER BUINESS AND DIRECT OVER INDUSTRALISATION. Sick unit regulation Gaining oppurtunity for public sector.

 NEHRU SERVED AS PRIME MINISTER OF

INDIA(TILL 1964) INDRA GANDHI SERVED AS PM(1966-77) RAJIV GANDHI 1980 -1991 NARSHIMA RAO (1991 ) Iindian reform key programme 1. fiscal and monetary tightneing 2.overhaul of foreign trade and investment regulation 3.

 CONGRESS PARTY ALLIES BROUGHT THE TOTAL

SEAT TO 261. COMMUNIST PARTY IN THE PREVIOUS GORVERMENT SWUNG FROM 62 SEATS IN 2004 TO 24 SEATS IN 2009. CONGRESS MAIN OPPOSITION THE BJP,WON ONLY 116 SEATS A 20 YEARS LOW CONGRESS WAS MOST POPULAR PARTY AMONG THE WEALTHIEST OF 20%OF VOTERS AND ALSO THE RURAL POOR.

 INCREASING ECONOMIC STRENGTH AND

INTERNAL STABILITY IN INTERNATION RELATION REQUEST FOR CIVILIAN NUCLEAR POWER KNOWN AS THE 123 AGREEMENT. RELATION WITH ANOTHER NEIGHBOURING COUNTRY CHINA WAS INCLUDED. GROWTH AND PROSPECT WAS FREQUENTLY COMPARE TO CHINA`S JAI RAM RAMESH FORMER MINISTER OF COMMERCE.

 CULTURALLY LINGUISTICALLY

GENETICALLY DIVERSED
NEW DIVISION DEVELOPED BETWEEN RURAL

AND URBAN AREA RURAL POOR SUPPORTED CONGRESS PARTY CONSTITUTION GURANTEED EQUAL RIGHT FOR WOMEN

 IT SIGNIFIES INTO PRODUCT AND SERVICE

MARKET. GENRATED 53.7% OF ITS GDP FROM SEVVICES 28%OF THE LABOUR FORCE WAS EMPLOYED IN SERVICE INDUSTRY AGRICULTURE MADE UP 17.2% GDP BUT 60% OF THE WORK FORCE. INDUSTRY CONTRIBUTE 29.1% OF GDP RANKED 23RD AMONG EXPOTERS GLOBALY 70 % OF INDIAN POPULATION LIVE IN RURAL AREA N VILLAGES

 INSTITUTION WERE CRITICAL FACTOR FOR

COMPTITIVENESS. THERE FOUR BASIC PILLARS ARE IN THE GCI INSTITUTION INFRASTUCTURE MACRO ECONOMIC STABILITY HEALTH PRIMARY EDUCATION

 ADVANCEMENT IN TECHNOLOGY

SOPHISTICATION
LOW DEPENDENCE ON FDI. FIRM LEVEL TECHNOLOGY

ABSORPTION.

 SETUP OF GOVERNMENT OWNED COMPANIES FOR SELF

SUFFICENCY.
GOVERNMENT ENTRENCHED IN VARIOUS SECTOR SUCH AS

AUTOMOBILE, SOFTWARE, HOSPITALITY,GOLD.

EARLY 1990 `S GAVE BIRTH TO PRIVATIZATION TO GOVERNMENT

OWEND COMPANIES.
47 INDIAN COMPANIES LISTED IN FORBES GLOBAL 2000.

THERE WERE 3 COMPANIES IN GLOBAL TOP 200 COMPANIES.

58 INDIAN COMPANIES WITH AVG. RATING OF 4.91 BY GMI. RANKED 19TH IN SIMILAR DEVELOPING COUNTRIES. PRIVATIZATION CAME TO HALT IN 2006 WITH THREATNED BY

COALIATION GOVERNMENT.
RANKED 3rd FOR HIGHEST PROBLEM FOR DOING BUSINESS. RANKED 85th IN CORRUPTION PERCEPTION INDEX. IDENTIFY GOVERNMENT AND BUSINESS CORRUPTION DRAWN

INTERNATION ATTENTION.

 BETTER SYSTEM FOR TAXATION AND ITS COLLECTION. TECHNOLOGY ADVANCEMENT TO EASE ADMINISTRATIVE

BURDEN BETTER STABILITY AND FINANCIAL HEALTH TO MAINTAIN AND GROW IN COMPETITIVE MARKET. THIS GAVE GOVERNMENT TO REDUCE FISCAL DEFICIT FOR 3 CONSECUTIVE. BUT BALLOOING SUBSIDIES,WITH SLOWING GROWTH BROUGHT RETURN OF LARGE FISCAL DEFICIT. THEREFORE TENSION GREW BETWEEN PEOPLE EITHER FISCAL DEFICIT OR GROWTH AS PRIORITY for fiscal budget. FOR INTRESTING VIBRANT NEW WAY`S OF DOING THINGS WERE TAKEN IN PRIVATE SECTOR INSTEAD OF GOVERNMENT. INEFFICIENT BUREAUCRACY WAS THE 2ND HIGHEST ISSUE.

AFTER REFORM BEGAN STRENGTHEN ITS ECONOMIC CONDITION. RASING STANDARD OF LIVING. BOLSTERING NATIONAL PRODUCTIVITY. INCREASING OVERALL COMPTETIVENESS. PLAYING AS DEMOCRATIC AND ECONOMIC DYNAMIC SOCIETY. BUILDING GLOBAL AFFAIR FOR STRATEGIC BALANCE OF POWER WITH IN ASIAN COUNTRIES. STILL TO GO REDIRECT PUBLIC TO INVEST IN HEALTHCARE, INFRASTRUCTURE,EDUCATION INSTEAD OF SUBSDIES AND INTEREST PAYMENT. MINIMIZING BUREACRACY AND REDUCING PUBLIC SECTOR. OPEN PATHWAYS FOR PRIVATE INVESMENT FOR FREE PLAY OF COMPETITIVE FORCES.

THANK YOU