1. India A growing economy

2. India: rising GDP growth % average annual GDP growth 1900 – 1950 1.0 1950 – 1980 3.5 1980 – 2002 6.0 2002 – 2006 8.0 What do these figures tell you about the Indian economy?

3. Population growth % average annual growth 1901 – 1950 1.0 1951 – 1980 2.2 1981 – 1990 2.1 1991 – 2000 1.8 2001 – 2010 1.5 What do these figures tell you about population growth in India?

4. % 1950 17 1990 52 2000 65 2010 (projected)80 What do these figures tell you about changes to education in India? Adult literacy rates

5. % of population Million People 1980 8 65 2000 22 220 2010 (projected) 32 368 What do these figures tell you about the service sector economic growth in India? People categorised as middle class

6. Estimates of those in poverty 1980 46% 2000 26% 2010 (projected)16% 1% of the people have been crossing poverty line each year for 20 years. Equals 200 million people. What do these figures tell you about anti-poverty strategies in India? Poverty statistics

7. Productivity is rising 30% to 40% of GDP growth is due to rising productivity

8. India is now the 4 th largest economy It will overtake Japan between 2012 and 2014 to become the 3 rd largest world economy

9. DRIVERS OF GROWTH India East and S.E. Asia Domestic Exports Services Manufacturing Consumption Investment High tech, capital Low tech, labour intensive industry intensive industry

10. What is the implication of the Indian model? Has India skipped the industrial revolution? How does India take its people from farms to cities?

11. Rise of globally competitive Indian companies: Reliance, Jet Airways, Infosys, Wipro, Ranbaxy, Bharat Forge, Tata Motors, TCS, Bharati, ICICI and HDFC Banks

12. Demographic trend points to sharp increases in input factors 25+ yrs 0-25 yrs Demographic Split 1.5 bn 1.1 bn Labor Force Labor Force will double in the next 20 years

13. Demographic trend points to sharp increases in input factors Age Dependency Savings Rate Higher savings and investment rate will translate into higher GDP growth

14. “By 2010 India will have world’s largest number of English speakers” “When 300 million Indians speak a word in a certain way, that will be the way to speak it.” -Prof. David Crystal, Cambridge Encyclopedia of the English Language