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India's Economic Transformation from 1947 to Present

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1. Read and understand fully the article entitled "India's Transformation".
2. In answering the questions, bear in mind that India have been a British colony until the mid 1940s.
3. Consider also the vast market in India owning to its gargantuan population.

See attached for exact requirements.

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1. What kind of economic system did India operate under during 1947 to 1990? What kind of system is it moving toward today? What are the impediments to completing this transformation?
On economic system
- India adopted a Democratic system of government
India now has a parliamentary form of government
- Economic reform program
o Dismantled industrial licensing system
o Open the business to the private sector
o Encouraged foreign investments
o Allowed imports of raw materials
o Reduced tariff from 400% to 65%.
- Results were impressive

- Attempts to further reduce import tariffs have been stalled by political opposition
- Politicians fear that if import barriers come down, a flood of inexpensive Chinese products will enter India and compete with local industries
- Resistance to reforming India's anti-business laws

2. How might public ownership of businesses and extensive government regulations have impacted the a) the efficiency of state and private business and b) the rate of new business formation in India during the 1947-1990 tine frame? How do you think these factors affected the rate of economic growth in India during this timeframe?
These are the economic policies in India from 1947-1990:
- Mixed economy
- State-owned enterprises
- Centralized planning
- ...

Solution Summary

This solution looks at India's economic growth from the 1940s to present. A timeline of its transformation to become one of the thriving economy with specialization in pharmaceutical and software industries were presented here.

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· Major characteristics of the country might include items of social, educational, economic, cultural, political, infrastructure, significance…etc. It is therefore up to the student to select those aspects that he/she considers most significant.

· It might be a good idea to start by analysing the current activities of your company and the factors influencing the activities you identify.

· Select a country or a region from 5 world areas: Africa, Asia, Europe (especially the East), Middle East, and the Americas as a potential target. It will be up to the student select his/her country/region.

· Review and reveal a critical understanding of the literature relevant to the subject area and relate theory to practice.

· Show an understanding of the implications of the assignment for the case study organisation and/or management practice generally.

· Provide evidence of the authors' willingness to express their own ideas. Original and creative approaches to the topic will be welcome, and accordingly rewarded.

· Show the authors' ability to reflect on learning arising from the completion of the module.
· Read through thoroughly the literature and identify key words and points of issues, especially strategic aspects.

· Formulate a draft assignment plan featuring the main headings and sub-headings of the assignment.

· Ensure you have good paragraphs of introduction and conclusion with a bibliography reflecting research sources.

· Produce a content list at the commencement of the assignment.

· The assignment must be in English and typed with each page numbered. Appendices may be included to feature tabulations and other specified relevant data.

· The plan of the assignment should be logical in the sequence of points discussed.

· The pose should be a rational and analytical commentary and completely focused on the assignment. Assignments full of assertions and opinions will receive poor (even failing) grades. Logical and well-reasoned arguments will receive high grades.

· Avoid checklists and any slang language. Summary lists should be fully explained in the text. Ideally use shorter sentences rather than longer sentences. Overall the projects should have a strategic focus. It should be professionally presented and, where appropriate, be illustrated by examples drawn from your own experiences.

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o Cottrell, S. (1999) The Study Skills Handbook (UEL edition) Basingstoke, Macmillan.
o Saunders, M., Lewis, P., Thornhill, A. (2003) Research Methods for Business Students (third edition) Harlow, Pearson Education Ltd.

· Keep to the terms of the assignment and do not introduce irrelevant information. Answer the question set not the one you wish had been set.

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