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Sixty Five Years of the Indian Economy - 1947-48 to 2012-13 (Paperback)
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Sixty Five Years of the Indian Economy - 1947-48 to 2012-13 (Paperback)
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Prior to Independence in 1947, India was a typically backward
economy, suffering from the twin problems of rampant poverty and
widespread unemployment, both making for a low general standard of
living. After 65 years of development efforts, India is presently
one of worlds fastest growing economies. Lately, it has emerged as
a global economic power, a leading outsourcing destination and a
favourite of international investors. Indian economy has matured in
several important respects. It is now much more integrated with the
world economy and has benefited from this integration in many ways.
The outstanding success of information technology (IT) and
IT-enabled services (ITES) has demonstrated what Indian skills and
enterprise can do, given the right environment. Similar strength is
now evident in sectors such as pharmaceuticals, auto components
and, more recently in textiles. Many predict that India will emerge
as third largest economy in the world (after US and China) in a
couple of decades. Members of the global economy, including
businesses and foreign governments, have started taking note of
Indias rise and recognising opportunities for investments and
enterprise. Indias massive workforce and democratic functioning
suggest that the future of labour-intensive industry lies here. No
doubt, India is poised to claim its rightful place as world
economic power in the 21st century, being referred to as the Asian
Century. This book provides a comprehensive account of Indias
economic problems, policies and performance during the
post-Independence period, with focus on post-1991 period of
economic reforms. 70 chapters comprising the work -- grouped into
15 theme headings -- touch almost all the aspects of the Indian
economy. The book is designed to interest a cross-section of
readers, viz. teachers and students of economics, commerce, law,
public administration, business management, chartered accountancy
and company secretaryship. It will also serve the needs of
legislators, business executives, entrepreneurs and investors, and
others interested in the developments in the Indian economy.
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