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1、1FASTESTGROWINGFREEMARKETDEMOCRACYINAGLOBALECONOMYINDIA2PresentationKushalChaturvediPrernaKhareAshishKatiyarRiteshChauhanAshwiniGoyalAnshulGuptaShrikantPatel3THEINDIASTORYINDIANSUCCESSSTORIESINTERNATIONALSUCCESSSTORIESINDIAADVANTAGEBUSINESSOPPORTUNITIESWINNINGATTITUD
2、ECONTENTS4THEINDIASTORY51947:YearofIndianIndependenceToday’sIndiaisoneofthefastestgrowingDemocraticMarketEconomy,wellonit’swaytobeintegratedwiththeworldeconomyThefamousGoldmanSachsreport(DreamingwithBRICs:ThePathto2050)statesthat,amongBrazil,Russia,IndiaandChina,Indi
3、awillgrowthefastestoverthenext30to50yearsbyleveragingitsdemographicadvantagesandthroughcontinueddevelopmentIndia’sGDPwillexceedItaly’sin2016,France’sin2019,Germany’sin2023andJapan’sin2032INDIATOBECOMETHE3RDLARGESTECONOMYINTHEWORLDBY2032AND…THESTORYBEGANIN19476Planned
4、IndustrialDevelopmentIndustryLicensingandQuotasDominanceofPublicSectorRestrictiononPrivateInvestmentSocialismMixedEconomyIndiaPre-Liberalization7LiberalizationofIndustrialLicensingDe-licensingDe-controlDe-regulationBroadbandingAbolitionofregistrationFERALiberalizatio
5、nLiberalizationofforeigninvestmentLiberalizationofTechnologyImportTheNewIndustrialPolicyforliberalization-19918MRTPLiberalizationAbolitionofthresholdassetslimitNoMRTPclearanceneededforexpansions,mergersCurtailmentofPublicSectorSeveralindustrieshithertoreservedforpubl
6、icsectoropeneduptoprivatesectorOnlyeightcoreindustriesremainreservedforthepublicsectorPurviewofBoardforIndustrialandFinancialReconstruction(BIFR)extendedtoPublicsectorTheNewIndustrialPolicyforliberalization-19919Government’srolechangedtoRegulatorfromLicensorAllLicens
7、esRationalizedActiveparticipationofprivatesectorFDIbeingWelcomed(100%)-AutomaticRouteBarriersDismantled&ProceduresSimplifiedIndianIndustriesActivelyInvestingAbroadBureaucracy-LessGovernmentisGoodGovernanceAllowingMarketForcestoGoverntheEfficientAllocationofResourcesw
8、ithMinimumStateInterventionReducingandrationalisingforeigntradebarriersIndiaLiberalizationStage-StrategiesDeveloped10India-Oneofthe
