How has India managed to become one of the fastest growing economies worldwide and what leads
experts such as the Centre for Economics and Business Research (CEBR) to the prediction that India will become the third largest economy by 2028? To answer said question, the author will pick out key political, economic and technological factors that have had indirect impacts on India’s growth and then draw a conclusion using statistical evidence in order to confirm how these factors have contributed to economic success.
Inhaltsverzeichnis (Table of Contents)
- GLOBALIZATION AS A STARTING POINT OF ECONOMIC GROWTH...
- POLITICAL AND ECONOMIC FACTORS
- THE PPP (= PUBLIC PRIVATE PARTNERSHIP) MODEL.
- FIVE YEAR PLANS........
- THE PRIVATE SECTOR BY INDUSTRIES
- INDIA THE IT COUNTRY
- DRAWING A CONCLUSION...
- RECOMMENDATIONS TO ENSURE FUTURE ECONOMIC SUCCESS
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report aims to analyze the key factors contributing to India's emergence as a leading economy. The report explores the historical and contemporary dynamics that have shaped India's economic growth trajectory.
- Impact of Globalization on India's Economic Development
- Role of Political and Economic Reforms in fostering growth
- Significance of Public-Private Partnerships (PPPs) in Infrastructure Development
- Evolution of India's Private Sector and its role in economic expansion
- Rise of India's IT Industry as a driving force for growth
Zusammenfassung der Kapitel (Chapter Summaries)
- Globalization as a Starting Point of Economic Growth: This chapter explores the influence of globalization on India's economic growth, highlighting the ratification of the WTO treaty in 1995 as a crucial milestone. It also examines the role of offshoring in India's IT sector and the concept of BRICS as emerging economies.
- Political and Economic Factors: This chapter delves into the political and economic factors that have shaped India's economic growth, analyzing the influence of the country's democratic system and the impact of the License Raj on foreign investment. It also highlights the economic reforms implemented in the 1990s and 2000s.
- The PPP (= Public Private Partnership) Model: This chapter examines the significance of the PPP model in India's infrastructure development, emphasizing its role in attracting private investment and accelerating economic growth.
Schlüsselwörter (Keywords)
Key terms and concepts that define India's economic growth include globalization, political reforms, economic reforms, public-private partnerships (PPPs), infrastructure development, IT industry, offshoring, BRICS, and the License Raj. These elements provide insights into the diverse factors contributing to India's economic success.
- Quote paper
- Jonas Hüther (Author), 2015, How India achieved its economic growth, Munich, GRIN Verlag, https://www.grin.com/document/351827
