Economy of India

Economic System Mixed economy that is moving away from a command system Mixed economy that is moving away from a command system India did not gain independence until 1947, when it set up a command economy India did not gain independence until 1947, when it set up a command economy In 1991, India lifted its some of its government control and allowed private companies a role in industries In 1991, India lifted its some of its government control and allowed private companies a role in industries These reforms have helped boost the economy, but millions still live in poverty These reforms have helped boost the economy, but millions still live in poverty

India’s Investment Human Capital! Human Capital! Investing in schools at the high school and university level Investing in schools at the high school and university level Overall literacy rate is 60% Overall literacy rate is 60% Literacy rate among children 10 to 14 is 95% Literacy rate among children 10 to 14 is 95% What do you think this means? What do you think this means?

Learning English What is the largest English speaking nation in the world? What is the largest English speaking nation in the world? India! India! vcNFis vcNFis

Outsourcing India has become skilled in information technology and telemarketing (call dell) India has become skilled in information technology and telemarketing (call dell) American companies are hiring Indian workers American companies are hiring Indian workers Customer service and technology help desks Customer service and technology help desks Companies can pay Indians lower wages than American workers Companies can pay Indians lower wages than American workers

Lack of Investment India has neglected capital investment in infrastructure India has neglected capital investment in infrastructure Roads, airports, railways, sewage systems, and power plants are in bad shape Roads, airports, railways, sewage systems, and power plants are in bad shape

Resources Abundant water supply and fertile land Abundant water supply and fertile land Rice and wheat Rice and wheat Coal in mountainous areas Coal in mountainous areas Lots of forests Lots of forests

Entrepreneurs High rate of entrepreneurship High rate of entrepreneurship Government supports business owners with training and facilities Government supports business owners with training and facilities Low taxes encourage entrepreneurs Low taxes encourage entrepreneurs

India’s Economy What to produce? ( Some private sector domestic and foreign businesses. Mostly subsistence agriculture Lots of corruption in setting up and operating business. How to produce? workforce is more educated now than in the past engineering and computer science. Corrupt tax system makes operating a business in India difficult. For whom to produce? Food production is for people of India (mainly for their own family) software and business process outsourcing industries expanding markets for private Indian companies. CommandMarket $ India

Federal Republic of India (Federation) a national government as well as 28 state governments President and a Prime Minister. the leader of each state legislature's majority is appointed governor by the president Citizens over 18 of each state elect state legislatures Largest democracy in the world (parliamentary)

What is India’s distribution of power? a national government as well as 28 state governments a national government as well as 28 state governments President and a Prime Minister. President and a Prime Minister. the leader of each state legislature's majority is appointed governor by the president the leader of each state legislature's majority is appointed governor by the president Citizens over 18 of each state elect state legislatures Citizens over 18 of each state elect state legislatures What is India’s citizen participation? FEDERATION Parliamentary Democracy

What are the leadership, voting rights, and personal freedoms in the India?

Federal Republic of India (Federation) a national government as well as 28 state governments President and a Prime Minister. the leader of each state legislature's majority is appointed governor by the president Citizens over 18 of each state elect state legislatures Largest democracy in the world (parliamentary)