...India’s 12th Five Year Plan to Focus on ‘Inclusive Growth’ Apr. 25 – As India’s government prepares to submit its approach paper for its 12th five-year plan (a plan which covers years 2012 to 2017), the Planning Commission’s focus on instilling “inclusive growth” is making headway. The plan is expected to be one that encourages the development of India’s agriculture, education, health and social welfare through government spending. It is also expected to create employment through developing India’s manufacturing sector and move the nation higher up the value chain. Prime Minister Manmohan Singh, however, warned that maintaining fiscal discipline is important as well. The commission will likely strive to enact policies that will achieve somewhere around a 10 percent growth rate in factories and a 4 percent growth rate in farm produce, though Prime Minister Singh has asked the plan to set the nation’s growth rate firmly at 9 percent to 9.5 percent. Come May, a view into the implementation of these goals should be apparent. A question that India’s government will have to grapple with, much like that of any emerging market, is whether to continue to focus on GDP growth in the face of soaring food prices and economy-wide inflation. An important aspect of generating “inclusive growth” is shifting the target of government aid to rural areas. Typically, large projects such as power generation, roads whereby freight can travel, and airports receive the lion’s share of government...
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...of ‘inclusive growth’ in the Eleventh Five Year Plan (2007–12) is its target of 4 per cent per annum growth in GDP from agriculture and allied sectors. This target is not only necessary to achieve the overall GDP growth target of 9 per cent per annum without undue inflation, but it is an important element of ‘inclusiveness’ since the global experience of growth and poverty reduction shows that GDP growth originating in agriculture is at least twice as effective in reducing poverty as GDP growth originating outside agriculture. TABLE 4.1 Growth in GDP at Factor Cost, 1999–2000 Prices Agriculture and Allied Sectors Tenth Plan 2002–03 2003–04 2004–05 2005–06 2006–07 Eleventh Plan 2007–08 2008–09 2009–10 Revised Estimate Triennium 2009–10 over Triennium 2004–05 Eleventh Plan average (2007–10) –7.2 10.0 0.0 5.9 3.8 4.7 1.6 0.2 3.4 2.2 Total Economy 3.8 8.5 7.5 9.4 9.6 9.2 6.7 7.4 8.6 7.7 with the strong growth recovery after 2004–05, which reversed a prolonged deceleration since the mid-1990s. However, agricultural growth fell to 1.6 per cent in 2008–09; and a severe drought in 2009 (the worst in 37 years) produced virtually flat growth (see Table 4.1) because of major losses in kharif output which also led to high food price inflation. The setback in the second and third years of the Plan implies that an average growth rate of about 7 per cent per annum will be required in the remaining two years (2010–11 and 2011–12) if the Eleventh Plan target of 4 per cent is to be achieved...
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...Introduction on 5 yr plan: The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway First five year plan (1951- 1956) The first Indian Prime Minister, Jawaharlal Nehru presented the first five-year plan to the Parliament of India on December 8, 1951.This plan was based on the Harrod-Domar model. The plan addressed, mainly, the agrarian sector, including investments in dams and irrigation. The agricultural sector was hit hardest by the partition of India and needed urgent attention.[3] The total planned budget of 2069 crore was allocated to seven broad areas: irrigation and energy (27.2 percent), agriculture and community development (17.4 percent), transport and communications (24 percent), industry (8.4 percent), social services (16.64 percent), land rehabilitation (4.1 percent), and for other sectors and services (2.5 percent).[4] The most important feature of this phase was active role of state in all economic sectors. Such a role was justified at that time because immediately after independence, India was facing basic problems—deficiency of capital and low capacity to save. The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6% Second five year plan (1956-1961) The second five-year plan focused on industry, especially heavy industry...
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...2010 Mr. Hennessy How successful were the five-year plans under Stalin? During Stalin’s position as leader of the USSR in the 1930’s, there were a series of economic policies created by him that wanted to achieve industrialization at an advanced acceleration. These economic policies/plans were called five-year plans. Stalin had 3 major five-year plans which lasted in a total of 13 years approximately. These five year plans were to a good extent successful because it brought the advancement of heavy industries, new ways of production, and the expansion of military machinery for WWII as well as the course for the later consolidation of the USSR as a world power. The first five-year plan took place from 1928-1932. The first five-year plan had as a goal to forget the NEP, and to bring industrialization to its highest point with the advancement of heavy industries. The targets and goals that Stalin had set were very high and seemed impossible, nevertheless the first-five year plan brought a boost to the industry in the USSR that it hadn’t been expected. The production of electricity in the country trebled. The output of coal and iron doubled. The USSR seemed to be starting a process of transition, that at first seemed very slow, but it would eventually put industry at its peak. Engineering industry expanded and led to the increasing output of machine-tools, turbines, engines, and machinery. The first-five year plan was the base for the following to come, so during this...
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...Five Year HR Plan 2006-2011 Planning Committee: Five Year Plan Introduction SMC Company is becoming a leader in manufacturing ergonomic office equipment. The company is located in a small mid-western town of 30,000 people with a local labor market population of approximately 40% minority. SMC has been successful in diversifying its labor force; two-years ago the racial demographic makeup of the company was 90% white, now SMC has a bilingual workforce. SMC is faced with the challenge of remaining competitive in the local labor market where unemployment rate is lower than 2.2%. Over the past two years SMC have experiences many changes such as a shrinking local labor market, rising labor cost, bilingual workforce, accident rate increase of 50%, and SMC’s CEO is terminally ill. Furthermore, demand for SMC’s product continued to increase and the company has experienced unsuccessful labor organizing activities. The plan will address all aspects of what SMC needs to do in the next five years, with the emphasis on five major areas: staffing, employee development and training, compensation and benefits, employee relations, and safety and health. Ongoing issues of technological advances and diversity and demographics are also addressed. Staffing In an ongoing effort to address many of the challenges associated with staffing, the leaders at SMC identified a plan to utilize the “Strategic HRM” competency approach. Utilizing this approach allows the organization...
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...Introduction Five-year plans are financed through the development, or capital budget, which was separate from the government's revenue, or administrative, budget. After the independence of Bangladesh, it was widely believed that once reconstruction tasks were over, the domestic economy would provide most of the resources needed for development. This view was mistaken because systematic drainage of Bangladesh’s resources during the British and Pakistani colonial regimes, which had left it with a deficit in food grain availability. Low levels of internal savings and a high population living below poverty line were evident: what in other words could be called a state of chronic external dependence. The country has followed the course of planned development since 1973. In a medium term framework, the First Five Year Plan was launched in July 1973. This was followed by a Two Year Plan (1978-80) in the background of world-wide inflation and uncertainties. In 1980, the five year plan framework was reinstated and since then three five year plans were implemented in succession. There was no development plan during 1995-97 after the expiry of the Fourth Plan (1990-95). Every plan targeted at an average annual GDP growth rate of above 5 per cent but achieved about 4 per cent. In spite of large inflow of foreign assistance to augment meager domestic resources, the planned effort for development has not been able to free the economy from the low growth trap. Almost half of the population...
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...s By 1941, Stalin’s Five Year Plans had made the USSR stronger. Explain why you agree or disagree with this view? (24 marks) By 1941 Stalin had used the five year plans to strengthen his position as leader of the USSR, however the society as a whole was weaker. There were both advantages and disadvantages to the three five year plans: The five year plans were disorganised, there was difficulties with managers, it created a quicksand society and living standards were deprived. It did however help to create the Stakhanovite movement, it helped to finally abolish the New Economic policy (NEP) and most importantly to revolutionise the USSR’s heavy industry. The plans determined the course of the Soviet economy from 1928 to the German invasion of 1941, when the plans achievements were tested. Throughout all three of the five-year plans it was agreed that the state decided what was produced and when it was produced however there was little idea of an ultimate goal for example senior party officials appointed and dismissed planner’s senior managers for political reasons rather political reasons than economical. The first five-year (1928-32) plan focused solely on advancing heavy industry through projects like Magnitogorsk and advancing the production of coal, steel and timber. It would achieve this through the Gosplan (the State Planning Committee) who were set up in 1921 as a forecasting agency to work out things like output and input figures for industries and their targets...
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...iQuest Solution +91 (124) 4253488 +91 (124) 4294239 www.iquestsolution.com Contents CURRENT STATUS – POWER INFRASTRUCTURE IN INDIA . 3 GROWTH EXPECTED ................................................................ ........................................ 3 Generation ................................................................................................ ...................................... 3 Transmission & Distribution ................................................................ ............................................ 4 INVESTMENT EXPECTED ................................................................ 4 ................................ PRESENT POWER GENERA GENERATION MIX .......................................... 5 ................................ Wind Power ................................................................................................ 6 .................................... Hydro Power ................................................................................................ 7 ................................... Nuclear Power................................................................................................ 7 ................................. KEY CONCERNS ................................................................ ................................................... 7 Dependence on Thermal Sources Especially Coal ............................................ 8 ................................ Land...
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...depression of 1930s. The world output and trade is forecast to shrink in 2009 – the first such contraction since the end of World War II. The recession is inflicting job losses and wealth loss on an unprecedented scale. In an era of globalization, the GFC has impacted the economies of practically all countries in varying degrees and India is no exception. After a long spell of growth, the Indian economy is experiencing a downturn. Industrial growth is faltering, the current account deficit is widening, foreign exchange reserves are depleting and the Rupee is depreciating. There is gloom in the job market and stock markets have registered a sharp downward spiral. RITES - the Infrastructure People. The Company has come a long way from its inception in 1974 and, apart from India, has operated in 62 countries. The Authors, who have a wide experience in international consultancy, have forcefully brought out the present spread of its consultancy areas and as also its road map for the future. RITES’ contribution in the infrastructure sector has also been highlighted. A must read for all interested in infrastructure consultancy both in India and abroad. - Editor 22.2 Indian Infrastructure : Role of RITES India’s growth is constrained by inadequate infrastructure. Building roads, ports, railways, power plants and laying thousands of kilometers of fiber optic cables to enable high bandwidth...
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...Education Sector in India ........................................................................................................................ ContEnts 1. 2. 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 EDUCATION SECTOR OVERVIEW .......................................................................... 3 .............................................................. 5 KEY TRENDS IN EDUCATION SECTOR IN INDIA Government initiatives will continue to drive the reach of quality education in India .......... 5 Education sector will continue to witness increased public private partnership (PPP) for further growth ............................................................................................................. 7 Indian universities will continue to strengthen international collaboration ........................ 8 The initiatives of international bodies like World Bank and UNICEF will continue to focus towards increasing the reach of education .................................................................. 9 ICT will become the backbone for education modernisation in India .................................. 10 The ecosystem of education cities will mature in India ......................................................... 13 The focus on delivering quality education will only be aggravated in India .......................... 13 The industry will present increased opportunities of acquisition & alliances in the future ....................................................
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...Impact of Economic Globalization on India Sabrina Mallavarapu University of Maryland, College Park Impact of Economic Globalization on India Many people fail to realize that it was only 69 years ago that India gained independence from British rule. India is generally thought of as very poor country but it is because it is still a new country. India has undergone major socio-economic changes since its independence from Great Britain. While India did not fair well under Great Britain’s rule, India benefitted from Britain in terms of creating an infrastructure and industry that is still in use today. While India still has many problems, India has benefitted from economic globalization because it has resulted in major economic growth that led to it having the fastest growing GDP of any nation. With the power of the East India Trading Company, the British already had control of several ports, as the company had been a major presence in India since the 1600s, even with the Mughal Empire ruling India. The British had immense power in India’s economy, creating settlements known as Madras, Bombay, and Calcutta, which are now major modern cities in India. Britain’s military power led to its ability to have a monopoly on trade, but also later establish their rule in India. In the early 1700s, South Asia saw the decline of the Mughal Empire as it weakened from repeated wars, rebellions, and invasions (Embree, 2006). India was fighting the remnants of the Mughal Empire when the...
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...AGRICULTURE IN INDIA Indian agriculture has been main source of income for the masses since decades. It is also referred to as India’s mother economy. In the current times as well it accounts for about two-thirds of the employment of the Indian labor force. An intense global food situation in present times signifies the importance of expanding the existent resources and food production in developing countries like India. The Five Year Plans by the Government of India are meant to achieve this goal. The northern states of Punjab, Haryana and Uttar Pradesh contribute over 80% of the production of food grains. “Among the southern states, Tamil Nadu shows the highest percentage of irrigated area and intensity of irrigation but not intensity of cropping.” (2) Growth of plantation crops such as coffee, cocoa, pepper and cardamom are dominated by the states of Kerala and hilly Karnataka. Indian agriculture has developed over the period of years, particularly after Independence in 1947. The stagnating growth which characterized the first of the twentieth century was significantly in contrast with the second half. However, it has been a slow and painful process. This does not come as a surprise since most of the developing countries experiencing transition in economy have encountered the same. They are striving to achieve multiple objectives at a time with limited resources at their disposal. While efficient use of available resources is of utmost importance, getting most advantageous...
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...Solar Energy Opportunities and Challenges for India Energy Sector Structure Policies and Regulation Mid-Term Paper Trimester II Submitted to Prof. Anupam Sircar Submitted by: Ambuj Lal (P101005) Institute of Energy Management and Research Gurgaon Table of Contents 1. Introduction 3 2. India’s Current Power Scenario 3 3. Solar Energy Potential 3 4. State Participation in Solar Energy 4 4.1 Brief about JNNSM 4 4.2 Solar Installations and Gadgets 5 5. Technology Aspect 6 5.1 Issues with Development of Grid Interactive Technology 7 6. Finance 8 7. Risks and Challenges 9 8. Way Ahead 9 References: 10 1. 2. Introduction Energy is the prime factor for the generation of wealth and a significant factor for economic development of a country. Efficient and regular supply of energy is also critical for the economic growth. The limited fossil resources and the environmental problems associated with them have emphasized the need for new sustainable energy supply options. Development of newer energy sources thus acquires importance. The challenge is to ensure adequate supply of energy at the least possible cost. Another important aspect is to provide clean and convenient energy critical for the well-being of the poor, even when they cannot fully pay for it. Solar thermal power generation systems also known as Solar Thermal Electricity (STE) generating systems are emerging renewable energy technologies that can be developed...
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...increasing. The 10th Plan average was 5.1 per cent of GDP. It is expected to be 7.1 per cent in the 11th Plan and estimated to go up to 9.7 per cent in the 12th Plan. In the early 1990s, we used to envy China at 9 per cent, saying can we ever match China when we were doing 3 per cent. This is tremendous good news, where across shades of different political dispensation we have had a silent movement of the tectonic plates of India's infrastructure geoplates. To achieve this in the kind of polity and democracy we are, in a space of 15 years, has been a major structural shift. Second, private-public-partnership is above expectations. During the 10th Plan, 25 per cent of our infrastructure was through PPP. The 10th Plan was largely driven by telecom and the early power projects. In the 11th Plan, the target was 30 per cent, but we achieved 37 per cent and in the 12th Plan there is reasonable confidence that we will do 50 per cent. This is a major change in India's infrastructure development. In the 10th Plan, the investment was $220 billion, of which 25 per cent came through PPP. In the 11th Plan, it is almost $480-500 billion of that 37 per cent, and 50 per cent of $1,000 billion in the 12th Plan. The third is we constantly debunk the Planning Commission. India is one of the few countries that officially publishes a Plan and the system is willing to be tested and criticised against its performance or non-performance. When the Planning Commission announced the 11th Plan figures, there was...
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...Fort Gloaster near Kolkata, albeit this mill was a failure. The second mill which was established by KGN Daber in 1854 is called the true foundation of modern cotton industry in India. Its name was Bombay Spinning and weaving Company, Bombay. v Bad Effects of Partition: Partition of India in 1947 affected Indian cotton industry badly. Most of the weavers who were Muslims migrated to Pakistan. There were 394 cotton mills in India before partition, out of this 14 mills went to Pakistan. Remaining 380 mills which were left in India. However 40 % cotton producing area became area of Pakistan. Thus India was forced to import raw cotton to keep the mills alive. v Development Starts: Till the year 1985, development of textile sector in India took place in terms of general policies. In 1985, for the first time the importance of textile sector was recognized and a separate policy statement was announced with regard to development of textile sector. In 1993, Govt. of India made this industry license free by its Textile Development and regulation Order 1993. v Cotton Association of India: Cotton Association of India was established in the year 1921 with a view to facilitate cotton trade and regulate cotton futures in Mumbai. Since then, CAI has...
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