1. Sara Hsu

2.  India and geography  Independence from Britain in 1947  Nehruvian Socialism

3.  1947 to 1980 Early growth Droughts and crisis Focus on poverty reduction “License raj” “Hindu rate of growth”

4.  1980 to 1991 Improvements in industrial policy Industrial stagnation in 1988 Balance of payments crisis

5.  1991 through 2000 IMF policies New Economic Policy Reform of banking system Building up to Y2K

6.  2000 to present  Aftermath of Y2K  Firm relocation to India

7.  Land reform since Independence  Goal: Reduction of poverty  Green Revolution  Characterization of villages

8.  Policy campaigns for reform  Fast GDP growth  Hyderabad

9.  Nehru  Ghandi  Rao

14.  India’s reform process really began in 1991 as a result of a balance of payments crisis.  Reform opened up trade and made it easier to start a business.  Most growth in India is in the skilled services (IT) sector.

15.  “India Shining” is the slogan used starting in 2004 to promote India internationally. The government spent over USD $20 million on television and newspaper ads using this slogan.

16.  Questions?