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INDIA INGLOBALCONTEXT

S U B MIT T E DT O :P ROF .K .L C HAWLA

S UB MIT T E DBY :WMP (GR OUP 1)(2 0 1 4-1 7 ,T ER M5 T H)

GR OUP PA RT ICIPA NT S:A B H INAV R A MA R IA (WMP 1 0 04 7)

A B H ISH E K JAIN (WMP1 0 0 4 8)A N S HU L V ER MA (WMP 1 0 0 )

A S HUT OS HMAT HUR (WMP 10 0! " )D IV # A (WMP 1 00 ! ! )

S # E DF U $ AIL H A SA N (WMP1 00 8 7 )

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INDIAS WAY FORWARD

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Globalization and World Economy

Globalization is the process by which businesses or other organidevelop international infuence or start operating on an internationaThe state o the nations participating in the production and consumpgoods and services and money supply.

Present time is the era o modern trade and Globalization .

Every man lives by exchanging -

.. Ada

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Introduction

The global economy continued to epand during !"#$ at a moderauneven pace

Global recovery was also hampered by some new challenges% inclunumber o unepected shoc&s% such as the heightened geopconficts in various areas o the world. Growth o world gross p'WGP( is estimated to be !.) percent in !"#$

The world economy enters !"#* at a or& in the road. +ne trac& lethe sel,sustaining vigorous recovery that policy ma&ers have sovain ever since the -nancial crisis erupted in !"".

/any Economic downturns in the rapid growth o trade and indusbe summed up in a nutshell o global economic challenges.

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Global Economy 0 1ome 2ong Term 3halleng

Poverty reduction is a ma4or goal and issue ormany international organizations such as the5nited 6ations and the World 7an&. The World7an& estimated #.!8 billion people were living inabsolute poverty in !""9.

Income ine:uality and wealth concentration

hinders growth in the long run.

1i years ater the global -nancial crisis% the worldeconomy still loo&s as unstable% unbalanced%uncoordinated and ultimately unsustainable asever. ;lmost everywhere is mired in its ownparticular orm o economic unhappiness.

Global Fia!ial C"i#i#

Global I$%&ali' a U$%&al E!oo*i!$+$lo,*$'

Global Po+$"' I##&$

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The need to capture 6ew /ar&ets

The need to epand capabilities and assets

The need to epand product and service portolio

The pressures o domestic competition

Why Go Globalierarchies

?oint ventures and partnerships

;im or globalproductand scale economies

@onAt centralize 0 researchBdesignBproducewherebe

7e ready to moveon

The !#st3entury 3ompany

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7CI3s economies would overta&e each o these G,) econ

India might have growth rates higher than 7CI3 3ountrie total output in India and the 51 would be roughly e:ual

Ceason or Growth population size is large and income levels are low

high proportion o young people in the population

wages are signi-cantly lower than in the world outside

emerging technological capabilities have the potential toproductivity increase

Loo-i. /o"0a" 'o0a"# 232

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TC;@E 32;11I=I3;TI+6 I6 7CI31

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G"o0'4 '4"o&.4 E5,o"' E,3ommerce and Global Dalue 3hains

enhancing eports rom /icro 1mall and /edium Enterprises '/1/E(

attract more =oreign @irect Investment '=@I(% and increase productivity

Agriculture-led Growth: Productivity improvements including agricultural etension% research and

and crop diversi-cation% bringing in larger areas under irrigation% agricul

rural inrastructure

Cural industrialization , agro,based industries

Improving primary health care and school acilities

1trengthening o IT

1econd Green >ouse

A I'$."a'$ a,,"oa!4

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India% Given its size and its pro-le in the global economy% will inev

play an active role at global level

+n 3apability ront% India has the capability to push its manuactucontribution to G@P to !* on sustainable basis by !"!*.

Government has to act as the central pivot o aligning industries% companies% public sectors

The Government o India has ta&en a number o steps to urther einvestment and improve business climate.

IndiaFs epanding economy oers e:ual investment opportunities entrepreneurs and international players.

Indian /anuacturing is slowly but surely sweeping bac& in the inteconomic space.

3onclusions H ey Ta&eaways

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