India and the emerging international economic order
1. India and The Emerging
International Economic Order
Kalyan Kumar Komati
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2. Overview
Introduction
India and China
Industrial Development
Role in the new international order
India and World Bank
Conclusion
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3. Introduction
India’s economic growth rate is second highest in the
world
GDP Growth
World – 4%
Developed Countries – 3.5%
India – 8.5%
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4. India and China
India’s growth rate is about 2% lower than that of China
China started its economic reforms in 1979
India started in 1991 amidst deep economic crisis
The industrial production has been achieving high growth
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5. Industrial Development
The industrial production has been achieving high growth
Several companies from Europe and America are
outsourcing their business through India
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6. Role in the new international order
Member of G-20
Very serious about integrating with the rest of Asia,
especially China, Korea and Japan
India has moved up the Ranks but is still the poorest
among the G-20
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7. India and World Bank
One of the World Bank's oldest members
Joined the institution in 1944
Borrowed more money than any other single country
There are currently 106 active projects in India
India's current debt to the Bank is about $34 billion
dollars.
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8. Conclusion
India needs to focus on alliances with all emerging
economies, the oil producing nations of the Middle
East, the energy producers in Central Asia, Korea and
Japan.
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‘The land of snake charmers, tigers, elephants’, ‘Buddha’s country’, ‘land of millionGods’… were epithets used to describe India not very long ago. The world’s perceptionof India has certainly changed drastically in recent years. ‘Silicon valley of the east’,‘cradle of software industry’, ‘the fastest-growing economy’, ‘charging elephant’, and‘the world’s outsourcing hub’ are titles now used for her. This change has been broughtabout over the last few decades by a change in Indians’ mindset.
