India in 2004
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Case Code: ECOA118 Case Length: 22 Pages Period: 2004 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : India Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
In 1757, the region now known as India, gradually came under the influence of British rule after the battle of Plassey. In 1858, India came under the direct rule of the British crown. In 1885, the Indian National Congress was founded by Indian nationalists. In the 1920s, nationalist leader, Mohandas Karamchand Gandhi, launched a campaign of civil disobedience against British rule. In 1942, Congress launched its 'Quit India' campaign. In 1947, India was granted independence by Britain. Hundreds of thousands of people died during communal violence following independence...
The Economy
Agriculture had declined in importance over time but still accounted for nearly a quarter of India's GDP. Linkages between agriculture and industry remained strong. Increased agricultural output kept inflationary pressures in check. It also put money in the pockets of farmers to spend on consumer goods and housing...
Industry
India's industrial production suffered as a result of the global economic downturn and depressed domestic demand in 2001 with just 2.2 percent growth. Industrial growth rebounded in 2002 to 6.1 percent, due to a rise in both external and domestic demand. India's heavy industry had traditionally been dominated by large state-controlled enterprises. However, with the steady removal of protection since the early 1990s, these had lost some ground to private enterprises...
Foreign Trade
India's principal exports included gems and jewellery (approximately 15 percent of total), engineering goods (14 percent), clothing (11 percent) and textiles (10 percent). Main destinations were the US (20.6 percent of 2001 total), the UK (5.4 percent), Hong Kong (4.7 percent), Japan (4.6 percent) and Germany (4.5 percent). Imports consisted mainly of intermediate goods, equipment and machinery to assist industrial development. India was particularly dependent on oil imports. Main sources were the US (8.3 percent of 2001 total), Belgium (6.2 percent), Singapore (6 percent), the UK (5.6 percent) and Saudi Arabia (5 percent)...
Future Outlook
A forecast published in October 2003 by Goldman Sachs, predicted that, over the next half-century, growth would slow sharply in the world's six big rich countries and in Brazil, Russia and China. But India would continue to generate average annual growth of more than 5%. By 2032, its GDP would be bigger than Japan's, and by 2050 its national income per head in dollar terms would have multiplied 35-fold...
Exhibits
Exhibit I: Exports & Imports
Exhibit II: Key Indicators at a Glance
Exhibit III: Key Indicators
Exhibit IV: Sectoral Real Growth Rates in GDP
Exhibit V: Trends in Deficits of Central Government
Exhibit VI: Receipts and expenditures of the Central Government
Exhibit VII: Price Increase in Some Major Primary Products
Exhibit VIII: Price Increase in Energy Products
Exhibit IX: Point-to-point inflation based on CPI (IW) - 1982=100 (Percent)
Exhibit X: Movement in the Wholesale Price Index by Quarter over Previous Quarter
Exhibit XI: Movement in the CPI (IW) by Quarter over Previous Quarter
Exhibit XII: Share of top investing countries in FDI inflows
Exhibit XIII: Board for Industrial and Financial Reconstruction Details of References Received as on 31.3.2004
Exhibit XIV: Disinvestments in Public Sector Undertakings
Exhibit XV: Adult and Youth Literacy Rates: A Comparative Analysis
Exhibit XVI: Literacy Rates (1951-2001)
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