IMT-79: Economic Environment in India M3

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IMT-79: Economic Environment in India M3

SECTION – A
1. How many Five- Year Plans India has embarked upon? Write a note on the contribution made by the Planning
Commission towards making India an economic power-house.
2. What are the different aspects of social and economic environment? How are they influenced by the Political
environment?

SECTION – B
1. Trace the evolution of Industrial Policy of India scanning through the various Industrial Policy Resolutions
from 1948 to 1991.
2. The Nehruvian Socialism was jettisoned by the Industrial Policy Resolution,1991 – comment. What had been
the immediate impact of the Liberalization Policy launched in 1991?

SECTION – C
1. Write a critical note on the performance of the Central Public Sector Undertakings since 1956.
2. What have been the concrete contributions of the IMF and the World Bank in boosting India’s GDP growth?

CASE STUDY – 1

India will be $2tn economy by 20014-15

India will be a $2 trillion economy in the next five years as its GDP growth is likely to average at 12% in nominal
terms, powered by a huge consumption demand, Enam Securities has said.
“ India’s GDP is likely to grow at (an) average 12% in nominal terms. Hence, India will be a $2-trillion economy by
2014-15,” Enam Securities head research, Nandan Chakraborty and economist Sachchidanand Shukla said in a
report titled “ India Strategy”.
At present, India is a $1 trillion economy. This growth will be led by the huge consumption demand in sectors like
FMCG, power , auto, (small car hub ) IT and pharmacy. The brokerage firm said insurance companies, financial
services, and equity markets will flourish as the country’s annual savings pool grows to $700 billion from $400 billion
at present.
According to a report by consultancy Global Construction Perspectives and economic forecasting firm Oxford
Economics, the global construction market would be worth an estimated $12 trillion in 2020 from about $7.5 trillion at
present.
“ Construction in major emerging markets such as India and China will see a much higher levels of growth than
developed countries by 2020.Growth in construction output in India will accelerate faster than China up to 2020, but
we expect growth in GDP to be higher in China,” the Global Construction 2020 report said.

Questions:
Q1.What is GDP and how is it calculated? What was the average GDP growth rate during the year 2012-13?
Q2.What is consumption demand?
Q3.Which sector is likely to grow at a faster rate?
Q4. What is the composition of the Construction market and what is its present worth?

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