INDIAN ECONOMY · 2019. 2. 15. · •Reverse Engg •Frugal Engg •Innovative Engg •Vocational Empl •Services •Agriculture Growth •Emp opportunities •Purchasing power

SELECT SLIDES OF CLASSES

ECO (SV) – PART 1 (20 slides)

INDIAN ECONOMY

Slides to be used along with class notes on the subject

Household

Sector (73%)

Private

Sector

(23%)

Govt.

Sector (4%)

Savings Investment

Public

Sector

(35%)

Private

Sector

(62%)

FDI

(3%)

Output(GDP) ICOR

DRIVERS OF GROWTH- INDIAN ECONOMY

37% (2008)

30% (2013)

38% (2008)

33% (2013)

EXPENDITURE ON FOOD TO TOTAL INCOME

0

5

10

15

20

25

30

35

40

45

50

1999-2000 2009-10 2011-12 2012-13

FINANCIAL SAVINGS TO TOTAL SAVINGS IN INDIA (%)

June

2014

5.

7

GROWTH

ECONOMIC

DEVELOPMENT

HUMAN

DEVELOPMENT

GROWTH & DEVELOPMENT

Trickle

down

Theory

Avg

growth

3.5%

GROWTH

• Agriculture

• Industry

• Services

ECONOMIC

DEVELOPMENT

• Employment opportunities

• Increased income of masses

• Standard of living of masses

• Reduction in absolute poverty

HUMAN

DEVELOPMENT

• Primary healthcare

• Adult literacy

• Schooling & completion

• Access to basic services

GROWTH & DEVELOPMENT

But not much

development

No trickle

down

Avg growth

>7.0%

• Manufacturing

• Refacturing

• Reverse Engg

• Frugal Engg

• Innovative Engg

• Vocational Empl

• Services

• Agriculture

Growth

• Emp opportunities

• Purchasing power

• Living standards

• Bridging divides

• Enlarged choices

• Access to modern goods/services

Economic development

• Primary Healthcare

• Primary Education

• Adult literacy

• Basic services

• Sanitation

• Poverty reduction

Human/Social development

Social

sector spending

Enabling

environme

nt

INCLUSIVE GROWTH DYNAMICS

Policy

• Stability

• Certainty

• Visibility

• Irreversibility

• Transparency

• Transmission

Laws

• Land Acquisition

• Labor Laws

• Companies Law

• Exit route

• Pension Funds

• Insurance Funds

Infrastructure

• Roads

• Railways

• Ports

• Electricity

THE ENABLING ENVIRONMENT

…GROWING INCOME, REGIONAL & INTRA REGIONAL DIVIDE

India’s rank 134/187

2013

GOLDEN QUADRILATERAL PROJECT (5846 km)

Completed in June 2011 after 11 years

NS & EW CORRIDOR (7300 km)

JUNE 2015

JUNE 2013

India 600(km)

(In Km)

ROAD

• 75% freight

• Focus since 2006

• Mostly unorganized & inefficient

• Night movement

• Time consuming

• Multiple Octroi nakas/check posts

• No Peripherals around major cities

• Excess load

• Accident prone

• Road fitness

• Diesel

RAIL

• 25% freight

• Cross subsidization

• High freight cost

• Single track

• Low freight priority

• Time consuming

• Politically driven

• Insufficient yards

SEA

• 85% global trade

• Docking big vessels

• TAT

• Complex documentation

• Cargo clearance

• Multiple loading

• Insufficient dock yards

• Cargo storage

EXISTING LOGISTICS-STAND ALONE

Roads & Expressways

High Speed Dedicated Freight Rail Corridors

6 corridors connecting Metro Cities

Coastal & Ocean freight

Kandla-Kochi

Kolkatta-Chennai

Multi-modal Logistics Parks

Third party Logistics