Indian Republic past, present and future planning essay
Answers
Answered by
1
The Republic of India has a population of 1.2 billion according to the survey done in 2009. It covers an area of 3.1 million sq km. The major languages spoken there are Hindi, English and 16 other official languages. It is a nation of diverse religions Hinduism, Islam, Christianity, Sikhism, Buddhism, and Jainism. The Monetary unit used there is the Indian Rupee (INR) = 100 paisa. The major export sectors are agriculture products, textile goods, gems and jewellery, software services and technology, engineering goods, chemicals, leather products. The Gross National Income (GNI) per capita income in regards with the World Bank report, 2008 was US$ 1070.
It has the world's largest democracy and second most populous country emerged as a major power in 1990s. India is highly diverse with its many languages, cultures and religion. A land of ancient civilisation, which unfolds its history dated as early as 1000 BC. Witnessing the creation and the demolition empires and kingdoms. It gained its independence on 15th August 1947. Thereafter, not looking back at what is left but what is there to make. After independence, the economic condition of the country was very poor. It addressed its economic crisis along with a combination of socialist planning and free enterprise. During the 1950s and 1960 the government focused on the Green Revolution thereby providing irrigation facilities combined with land redistribution schemes. India also focused on the education system by building infrastructures for schools colleges and universities thereby applied research facilities that trained one of the world's largest scientific and technical establishments.
It has a powerful economy with is growing at a rapid pace. Religion, regional and cultural diversities exist against a background of poverty. This reflects in t he federal political system, whereby power is shared between the central government and the 28 states.
India was under the social democratic-based policies till the year 1991 when it opened its doors to liberalisation. Two factors facilitated the emergence of labialisation phase. First were industrialist themselves who were beginning to find the government controls very strict and second was the export performance from overseas workers in the middle east which led to a comfortable level of foreign exchange reserves. This policy opened the doors to international trade and investments. The main motive behind the transformation and the deregulation of earlier practices was to replace the social democratic polices with capitalism so that there would be a high economic growth which would in turn increase the industrial production for the wellbeing of Indian citizens.
Before the year 1991, the government had closed the Indian economy to the outside world. The Indian rupee was inconvertible and the high licensing fee prevented the foreign goods from entering the country. The country's balance of payment crises in 1991 brought the country near bankruptcy. The International Monetary Fund (IMF) was bailed out in exchange for gold transferred to London as collateral. The Indian economy was at its worst and needed a reform. The Indian Government started to loosen the controls and the tariffs, duties and taxes were lowered. The country opened its doors to trade and investment. Privatisation was also encouraged and Globalisation was embraced slowly.
Post the liberalisation, India progressed in areas like foreign investments, reforming the capital markets, deregulation of domestic business and reforming the trade market. In the year 1993 the National Stock Exchange was introduced. They remained at the forefront of modernisation of India's capital and financial market. The share of consumer goods manufactured in India increased from 50.6% in 1990 to 72.5% during the five year trial period. The share of labour intensive exports in total manufactured exports increased from 13% to 34%. The share of High tech exports increased from 13% to 31%. The proportion of capital goods in total manufacturing imports increased from 26% to 61%. India increased their share of total exports.
we can write from the goggle if answer is use full for you please mark on the brainlist
It has the world's largest democracy and second most populous country emerged as a major power in 1990s. India is highly diverse with its many languages, cultures and religion. A land of ancient civilisation, which unfolds its history dated as early as 1000 BC. Witnessing the creation and the demolition empires and kingdoms. It gained its independence on 15th August 1947. Thereafter, not looking back at what is left but what is there to make. After independence, the economic condition of the country was very poor. It addressed its economic crisis along with a combination of socialist planning and free enterprise. During the 1950s and 1960 the government focused on the Green Revolution thereby providing irrigation facilities combined with land redistribution schemes. India also focused on the education system by building infrastructures for schools colleges and universities thereby applied research facilities that trained one of the world's largest scientific and technical establishments.
It has a powerful economy with is growing at a rapid pace. Religion, regional and cultural diversities exist against a background of poverty. This reflects in t he federal political system, whereby power is shared between the central government and the 28 states.
India was under the social democratic-based policies till the year 1991 when it opened its doors to liberalisation. Two factors facilitated the emergence of labialisation phase. First were industrialist themselves who were beginning to find the government controls very strict and second was the export performance from overseas workers in the middle east which led to a comfortable level of foreign exchange reserves. This policy opened the doors to international trade and investments. The main motive behind the transformation and the deregulation of earlier practices was to replace the social democratic polices with capitalism so that there would be a high economic growth which would in turn increase the industrial production for the wellbeing of Indian citizens.
Before the year 1991, the government had closed the Indian economy to the outside world. The Indian rupee was inconvertible and the high licensing fee prevented the foreign goods from entering the country. The country's balance of payment crises in 1991 brought the country near bankruptcy. The International Monetary Fund (IMF) was bailed out in exchange for gold transferred to London as collateral. The Indian economy was at its worst and needed a reform. The Indian Government started to loosen the controls and the tariffs, duties and taxes were lowered. The country opened its doors to trade and investment. Privatisation was also encouraged and Globalisation was embraced slowly.
Post the liberalisation, India progressed in areas like foreign investments, reforming the capital markets, deregulation of domestic business and reforming the trade market. In the year 1993 the National Stock Exchange was introduced. They remained at the forefront of modernisation of India's capital and financial market. The share of consumer goods manufactured in India increased from 50.6% in 1990 to 72.5% during the five year trial period. The share of labour intensive exports in total manufactured exports increased from 13% to 34%. The share of High tech exports increased from 13% to 31%. The proportion of capital goods in total manufacturing imports increased from 26% to 61%. India increased their share of total exports.
we can write from the goggle if answer is use full for you please mark on the brainlist
OkLipi1:
Thank you so much for your help
please mark on the brainlist
Thank you thank you very much
Ok
please mark
please
Similar questions