Indian Government
Surces:
Lal, V (2007). History and Politics . retrieved February 24, 2014, from Manas Web Site: http://www.sscnet.ucla.edu/southasia/History/mainhist.html
Lal, V (2007). Independence of India . retrieved February 24, 2014, from Manas Web Site: http://www.sscnet.ucla.edu/southasia/History/Independent/indep.html
President's, Secretariat Shri Pranab Mukherjee. (n.d) retrieved February 24, 2014, from National Informatics Centre Web Site: http://presidentofindia.gov.in/Profile.html
Team, Global Edge (1994-2014). India: Government . retrieved February 24, 2014, from Global Edge Web Site: http://globaledge.msu.edu/team
photo:
http://motivationalindia.com/index.php/indian-legends/pandit-jawahar-lal-nehru/
http://presidentofindia.gov.in/Profile.html
Lal, V (2007). History and Politics . retrieved February 24, 2014, from Manas Web Site: http://www.sscnet.ucla.edu/southasia/History/mainhist.html
Lal, V (2007). Independence of India . retrieved February 24, 2014, from Manas Web Site: http://www.sscnet.ucla.edu/southasia/History/Independent/indep.html
President's, Secretariat Shri Pranab Mukherjee. (n.d) retrieved February 24, 2014, from National Informatics Centre Web Site: http://presidentofindia.gov.in/Profile.html
Team, Global Edge (1994-2014). India: Government . retrieved February 24, 2014, from Global Edge Web Site: http://globaledge.msu.edu/team
photo:
http://motivationalindia.com/index.php/indian-legends/pandit-jawahar-lal-nehru/
http://presidentofindia.gov.in/Profile.html
India's Capital
Current Event Summary
India’s
economic growth has slowed against most professionals predictions. India is “Asia’s
third largest economy,” but has been “weighed down by inflation, a weak
currency, and a drop in foreign investment” (Yogita Limaye). The weaknesses of the country have
slowed the nation’s economy .1% from the previous quarter at 4.8% (Limaye).
Despite the weaknesses, the government continues to think that inflammation is
the solution to the nation’s economic slow; interest rates have been raised “three
times since September” (Kartik Goyal). The drop in economic growth is beginning
to hinder India’s consumption margin (Goyal). 2014 is the fifth year that India
has been below the “5% mark” (Limaye). The slowing economy has forced jobs to
let workers go and job seeking citizens are turned away with the same excuse “there’s
a slow down and there’s less production” (Limaye). India needs to raise its
economic growth to boost production and consumption.
Sources:
Goyal, K (Feb. 28, 2014). India Growth Slows to 4.7% With Rebound Seen Hinging on Election. retrieved March 3, 2014, from Bloomberg News Web Site: http://www.bloomberg.com/news/2014-02-28/india-s-gdp-growth-slows-as-interest-rate-increases-dim-outlook.html
Limaye, Y (28 February 2014). India's economy grows slower than expected . retrieved March 3, 2014, from BBC News Web Site: http://www.bbc.com/news/business-26385545
Sources:
Goyal, K (Feb. 28, 2014). India Growth Slows to 4.7% With Rebound Seen Hinging on Election. retrieved March 3, 2014, from Bloomberg News Web Site: http://www.bloomberg.com/news/2014-02-28/india-s-gdp-growth-slows-as-interest-rate-increases-dim-outlook.html
Limaye, Y (28 February 2014). India's economy grows slower than expected . retrieved March 3, 2014, from BBC News Web Site: http://www.bbc.com/news/business-26385545
Energy
Oil
Petroleum
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Overview of India and Energy
India is the fourth
largest consumer of energy in the world. Since 1980, the use of petroleum,
natural gas, and coal all has been on the rise. Electricity has seen a great decline
in recent years. The fall may be to the insufficient fuel supply India sees
that often leads to black outs. Coal is the major energy resource that India uses.
India relied heavily on imported energy resources, and this has pushed the
government to enforce policies that will help make India less reliant on
foreign resources. Policies like the New Economic Policy created competition in
the energy market in India. Also, the government wants its energy plants to
invest in refineries. Oil trade also has risen because of India’s need for
power. Since 1980, Indian trade with Saudi Arabia, the Middle East, and Africa
has been rising.
Source: http://205.254.135.7/countries/cab.cfm?fips=IN
Source: http://205.254.135.7/countries/cab.cfm?fips=IN
Globalization
A
new economic structure was set in India in 1990 to help make India’s economy
grow rapidly, the Liberalization, Privatization, and Globalization. The LPG
aims to reform industrial agencies and trade. Trade will help expand India’s involvement
with other nations and help spread new ideas and technologies. The new structure
also reduces the customs tariffs on goods. The reduction of tariffs will help
encourage trade. Plus, financial reforms have been developed to help aid the
trade and globalization of India.
Advantages of Globalization:
Exports have increased 24% in 2004 to 2005
Goods, people, ideas, and technology can be exchanged
New government policies and reforms create new jobs
Growth in economy could help India urbanize
Disadvantages of Globalization:
New ways may threaten cultural aspects in India
World Trade Organizations and others may become negatively involved
Violence can rise with other nations
Violence inside the country because of cultural threats
Source: http://www.slideshare.net/rajan24oct/features-of-globalization-and-india-in-global-economy
Advantages of Globalization:
Exports have increased 24% in 2004 to 2005
Goods, people, ideas, and technology can be exchanged
New government policies and reforms create new jobs
Growth in economy could help India urbanize
Disadvantages of Globalization:
New ways may threaten cultural aspects in India
World Trade Organizations and others may become negatively involved
Violence can rise with other nations
Violence inside the country because of cultural threats
Source: http://www.slideshare.net/rajan24oct/features-of-globalization-and-india-in-global-economy
Economic History
In 1947, India was a
country that thrived on agriculture, forestry, fishing, and textiles. The 1970’s
saw a time of industries, transportation and telecommunications. Corrupt
political leaders were did not help the economic status of India, but as new
government official took control a shift in economic progress arose. Primarily,
after India gained its independence, India was had both a private and a public economy
system. The private industries owned the small to medium businesses while the government
was in charge of providing consumer goods and social needs. Now. New government
reforms in the 1990’s have lead to an open market economy.
Sources: http://www.internationalpolicydigest.org/2013/04/24/history-of-economic-growth-in-india/
http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+in0008)
Sources: http://www.internationalpolicydigest.org/2013/04/24/history-of-economic-growth-in-india/
http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+in0008)
Current Economy
India has an open market economy with some of its
past economic rules. In 1990, India set out to liberalize, privatize, and
expand foreign trade as means to help the country grow. Today, India’s economy
focuses on village farming, agriculture, handmade crafts, and larger
industries. Also most half of the country works in agriculture, but services
are a major source of revenue. India has influenced many of its people to be
educated in new technologies and business. These fluencies helped India’s growth, but now the rise is slowing and falling
due to “decline in investment, caused by high interest rates,
rising inflation, and investor pessimism about the government's commitment to
further economic reforms and about the global situation” (CIA). The
government is working to create policies that will override the decline and
India’s economic future is hopeful because saving and investment rates and low dependency
rates for the young. Still, there are opsticles India must address as well,
such as poverty, discrimination against women, corruption, violence, and insufficient
power source.
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Urbanization and Literacy Rates
India has an
urbanization rate of 2.47% and only 31.3% of the country’s population is urbanized.
The literacy rate of India is 62.8%, and 75.2% of that number is male and 50.8%
of that number is female. Urbanization is progressing slowly throughout the
nation. Rural and traditional means of making a living are prominent in India.
The rural and traditional ways of life contribute the higher percent of males
being literate than females, because tradition is that males work to provide
for the family while women work at home and take of the children. Compared to
Nepal, Bangladesh, and Afghanistan India has a higher percent of its population
urbanized but is at about an average at the rate of progressing with
urbanization. Nepal has 17% urbanized population and a rate of 3.6%. Bangladesh
is becoming urbanized at a 2.9% rate while 28.4% of its population is already urbanized.
Afghanistan has 235% of its population urbanized and is increasing this number
at a rate of 2.96%.
India has the highest literacy rate of the four nations. 57.4% of Nepal’s population over the age of 15 can read. Bangladesh has 57.7% of its population literate. Afghanistan falls at 28% of its population who can read. Like India, these countries also see a discrepancy between male and female literacy rates. Nepal has 71% of its total population that can read that are male and only 46.7% female. 62% of Bangladesh’s total literate population is male and 53.4% are female. And, Afghanistan has 43% of its literate population as males and only 12.6% are female.
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
India has the highest literacy rate of the four nations. 57.4% of Nepal’s population over the age of 15 can read. Bangladesh has 57.7% of its population literate. Afghanistan falls at 28% of its population who can read. Like India, these countries also see a discrepancy between male and female literacy rates. Nepal has 71% of its total population that can read that are male and only 46.7% female. 62% of Bangladesh’s total literate population is male and 53.4% are female. And, Afghanistan has 43% of its literate population as males and only 12.6% are female.
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
GDP Per Capita
Questions to Consider
- Why has
India’s exports in coal, petroleum, and natural gas been decreasing since 1980
to 2012?
- Why is
India the fourth largest consumer of energy when the country had a low percent
of population that is urbanized?