Transcript
& economics
economicsWhat is economics?
Production :Indian industrial production averaged 6.99percent
from 1994 until 2013.
At nov-2006 the production rate is 20 percent
In feb-2009 the production rate of our country is -7.8
Present production rate is 4.8
why is economics important for entrepreneur?
How does economics impact our lives?
It is divided into 3 Eras :
• Pre- colonial (Early 17th Century)
• British Colonial (17th till 1945)
• After Independence ( After 1945 till Now)
Linking INDIA to World Economy
GDP Growth in Current Decade
Linking INDIA to World Economy
India’s Contribution to World’s Economy
Service Sector• India is 15th in service output.
• It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991–2000 up from 4.5% in 1951–80.
• Contribution of IT to GDP increased to 4.8 % in 2005-06 and is projected to increase to 7% of GDP in 2008.
Linking INDIA to World Economy
• Industries at the time of independence.
• India which was amongst the richest nations in the world.
• In 1700 it was estimated that Indians share of the world income was nearly 24.4percent .
• When the British left us almost the poorest economics of world ,our share of world income had fallen to 3.8 percent in 1953.
• first-socialistic economy why ?
• Next –capitalist economy
• Economic liberalization in India .
One thing that every entrepreneur must have?
Advice to young entrepreneurs
• You can achieve beyond your dreams, so its ok to dream and make an action plane to turn it into reality
• There is not one formula to be successful, every one who is successful has gone through failure in the process. it depends upon how hard we kick that failure and learn from it and take up the challenge stronger to be successful
Advice to young entrepreneurs
• Start small and then expand ,after you feel you have the product and processes right
by
P.V.N.sumanthreddy
• for your patience
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