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Essay / Research Paper Abstract
This 16 page paper examines the development and progress of the Indian economy between 200 and 2011, with specific attention paid to the economic strategies, international market views, multinational corporations and social impact of the developments. The bibliography cites 13 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEindiaprog.doc
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has been rapid; the situation in 2011 where there is a strong and growing economy is the results of a number of policies and strategies which started during the mid
1980s and have seen increasing levels of bureaucratic relaxation and liberalization. The impact over the last ten years can be seen by looking at the GDP, in 2000 the GDP
at purchasing parity stood at US $1,582.343 billion, by 2010 this had increased to $4,001.103 billion (IMF, 2011). Even during 2008 and 2009, the years when many countries were facing
a recession and a contraction in the GDP, India saw real growth taking place (IMF, 2011). Where countries able to maintain growth despite difficulties in other areas this will usually
indicate a strong and robust economy (Nellis and Parker, 2006) The rapid and continued growth in India may be argued as unusual, the pattern of development with a focus on
many of the service sectors, aided by foreign direct investment and provision of outsourcing services, is argued to have allowed Indian to miss out the usual intermediate industrialization phase of
economic development, moving towards the services stage of development. This has been supported by economic and political policies as well as factor conditions in the country and the way
in which the country has taking an increasingly active role in global trade. To consider the development between 2000 and 2011 the influences and impact can be appreciated by looking
at events which occurred, before and during this period, the strategies and policies which were utilized and the results of the strategies and policies. 2. Economic Development 2.1 Economic Strategies and
International Finance India may be benefiting from strong economic growth, but it should be remembered it is still a developing country, with a large proportion of the population below the
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