Escolar Documentos
Profissional Documentos
Cultura Documentos
Pre-Colonial Period (up to 1773) Colonial Period (1773 1947) Pre-Liberalization (1947 1991) Post-Liberalization (since 1991)
different cities
Developed a uniform system of
in the country
Disturbance in Indian economy ---
drastic change in the Indian economy by the entry of British East India Company
Drastic shift in the economic activities across the country Commercialization of agriculture --- decline in food grain production Mass impoverishment and destitution of farmers Sharp decline in the economic structure due to raise of famines Railways, telegraphs, common law and
political interference
Collapse of the Soviet Union and theGulf War ---- a spike in oil prices $1.8billion bailout loan from the International Monetary Fund (IMF) Economic reforms of 1991 ---- stress on 3 major areas
By 2035, India would be the third largest economy in the world, next only to USA and China --- Global Investment Bank, Goldman Sachs Indian Economywill grow to 60% of size of the USAseconomy Major sectors of Indian economy Agriculture sector --- employing 52.1% of the total Indianworkforce contributing 17% to countrys GDP Industrial sector --- employing 23% of the total Indianworkforce contributing 28% to countrys GDP Service sector --- employing 14% of the total Indianworkforce contributing 55% to countrys GDP
Service sector ---- Information Technology Account for one-fourth of Indias total export
&
BPO
India ranks 13th in terms of services output ---- International statistics Economic reforms of 1991 --- Indiabecame the favourite spot for the offshore services by many of the US and other foreign companies
Reasons for choosing offshore jobs by India --- Stable Economy Modern Telecom Infrastructure Vast pool of technically sound and skilled workers. Government Policies English