V The first civilization of the India is Indus Valley civilization.

V A permanent settlement that flourished between 2800 BC and 1800 BC.

V Practiced agriculture, domesticated animals, used uniform weights and measures,
made tools and weapons, and traded with other cities.
V Evidence of well planned streets, a drainage system and water supply reveals their
knowledge of urban planning.
V East India Company rule in India in between 18th to 19th century.
V They brought a major change in the taxation environment from revenue taxes to
property taxes.
V The economic policies of the British Raj effectively bankrupted India's large
handicrafts industry and caused a massive drain of India's resources.
V The Nationalists had hoped to revive the domestic industries that were badly
effected by policies implemented by British Raj which had made them
uncompetitive to British made goods.
V An estimate by Cambridge University historian Angus Maddison reveals that
"India's share of the world income fell from 22.6% in 1700, comparable to Europe's
share of 23.3%, to a low of 3.8% in 1952".[39] I
V Indian economic policy after independence was influenced by the colonial
experience and by those leaders' exposure to Fabian socialism.
V Policy tended towards protectionism, with a strong emphasis on import
substitution, industrialization, state intervention in labor and financial markets.
V Steel, mining, machine tools, water, telecommunications, insurance, and electrical
plants, among other industries, were effectively nationalized in the mid-1950s.[
V Capitalism and Private sector did not exist before 1991.
V Elaborate licenses, regulations and the accompanying red tape, commonly referred
to as License Raj, were required to set up business in India between 1947 and 1990.
V After 1965 and the increased use of fertilizers and irrigation are known collectively
as the Green Revolution in India, which provided the increase in production
needed to make India self-sufficient in food grains, thus improving agriculture in
India. Famine in India.
V The rate from 1947²80 was derisively referred to as the Hindu rate of growth,
because of the unfavourable comparison with growth rates in other Asian
countries, especially the "East Asian Tigers".[40]
V In the late 80s, the government led by Rajiv Gandhi eased restrictions on capacity
expansion for incumbents, removed price controls and reduced corporate taxes.
V Prime Minister Narasimha Rao along with his finance minister and current Prime
Minister of India Dr. Manmohan Singh initiated the economic liberalization of
1991.
V The reforms did away with the Licence Raj and ended many public monopolies,
allowing automatic approval of foreign direct investment in many sectors.
V Since 1990 India has a free-market economy and emerged as one of the fastest-
growing economies in the developing world.
V During this period, the economy has grown constantly, but with a few major
setbacks.
V This has been accompanied by increases in life expectancy, literacy rates and food
security.
V The economy of India has seen an explosive amount of growth during the past few
years.
V India's economy is the fourth largest in the world in terms of purchasing power
parity (PPP) followed by a Gross Domestic Product of $3.3 trillion.
V India also has 8.1% Gross Domestic Product growth rate, which is second in the
world .
V India has an extremely diverse economy which includes many areas in agriculture,
crafts, major industries and numerous miscellaneous services.

V m
 

 


 3.5%
 5.4%
 4.4%
 6.4%
V The Gross Domestic Product or GDP is the indicator of the performance of an
economy.
V The sectors contributing to the country's GDP are agriculture, Industry, and
Services.
V India ranks second worldwide in farm output.
V Agriculture Growth Rate in India GDP in spite of its decline in the share of the
country's GDP plays a very important role in the all round economic and social
development of the country.
V m


 m
 has been impressive in the last few years.
V The Growth Rate of the Industry in the India GDP has grown due to sustained
manufacturing activity over the years.
V The country ranks fourteenth in the factory output in the world. The industrial
sector is made up of manufacturing, mining and quarrying, and electricity, water
supply, and gas sectors.
V v
v

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 has been very rapid in the last few
years. The Services Sector contributes the most to the Indian GDP.
V India ranks fifteenth in the services output .




 



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V Service Sector in India today accounts for more than half of India's GDP.
V Service sector is the lifeline for the social economic growth of our country.
V The real reason for the growth of the service sector is due to the increase
in urbanization, privatization and more demand for intermediate and final
consumer services.
V India·s recent growth has been led by the dynamism of its services sector ²
particularly high-end, knowledge-intensive services exports.
V The Indian government is still looking up to improve the GDP of the country and
so several steps have been taken to boost the economy. Policies of FDI, SEZs and
NRI investment have been framed to give a push to the economy and hence the
GDP.
V The number of registered foreign institutional investors (FIIs) was 1710 as on May
31, 2010 and the total FII inflow in equity during January to May 2010 was US$
4606.50 million while it was US$ 5931.80 million in debt.
V Net investment made by FIIs in equity between June 1, 2010 and June 14, 2010 was
US$ 530.05 million while it was US$ 875.73 million in debt.
V As on June 4, 2010, India's foreign exchange reserves totalled US$ 271.09 billion, an
increase of US$ 9.88 billion over the same period last year, according to the Reserve
Bank of India's (RBI) Weekly Statistical Supplement.
V Moreover, India received foreign direct investment (FDI) worth US$ 25,888 million
during April-March, 2009-10, taking the cumulative amount of FDI inflows during
August 1991 - March 2010 to US$ 1, 32,428 million, according to the Department of
Industrial Policy and Promotion (DIPP).
V First a primer on how a country's economy and it's population mix are connected.
A society stays poor, sadly, when infant mortality rates fall, as that would mean
more non-productive dependents.

V In stage-two, awareness of better child-health, and the difficulties of feeding a large

family persuades people to have fewer children. This is the stage when, spurred by
a large young work-force, disposable incomes and rising productivity, the
economy enters boom times.

V In the third stage, decline begins as the work-force grows old.

V The good news for India is that she may be entering phase-two!
V Indian workforce is young , and that's good for growth.
V The current scenario of Indian economy has been characterized by optimistic
growth and strong macro-economic fundamentals, particularly with tangible
progress towards fiscal consolidation and a strong balance of payments position.
V The advance estimates (AE) of Gross Domestic Product (GDP) at factor cost for
2010-11 has been placed at 9.2 per cent.
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