Journal of Applied Management- Jidnyasa

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The Myths and Realities of India Advantage-What Needs to be Done to Reach the Potential


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1 S.I.B.M, India
 

In 1991, the then Prime Minister, Mr. Narasingh Rao and the Finance Minister, Dr. Manmohan Singh, set India on a capitalist mode of development. The era of import-substitution came to an end and exports and foreign investment became thrust areas. From 2004 onwards, for four years the coimtry recorded 9% growth rate. India was hailed as an elephant, the elephant which had learnt to dance. How true is this rosy picture? We try to analyse this in our research paper.
The Research Paper
We highlight certain myths about India and then come to the reality.
1) Indian democracy is a road block to India's economic development.
2) India lives in a war zone.
3) India's services sector dependent economic growth is a problem area for India's long term development.
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  • The Myths and Realities of India Advantage-What Needs to be Done to Reach the Potential

Abstract Views: 167  |  PDF Views: 92

Authors

V. B. Godbole
S.I.B.M, India

Abstract


In 1991, the then Prime Minister, Mr. Narasingh Rao and the Finance Minister, Dr. Manmohan Singh, set India on a capitalist mode of development. The era of import-substitution came to an end and exports and foreign investment became thrust areas. From 2004 onwards, for four years the coimtry recorded 9% growth rate. India was hailed as an elephant, the elephant which had learnt to dance. How true is this rosy picture? We try to analyse this in our research paper.
The Research Paper
We highlight certain myths about India and then come to the reality.
1) Indian democracy is a road block to India's economic development.
2) India lives in a war zone.
3) India's services sector dependent economic growth is a problem area for India's long term development.