India and The Emerging

International Economic Order

Kalyan Kumar Komati

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Overview

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Introduction

India and China

Industrial Development

Role in the new international order

India and World Bank

Conclusion

Introduction

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India’s economic growth rate is second highest in the

world

GDP Growth

World – 4%

Developed Countries – 3.5%

India – 8.5%

India and China

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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

Industrial Development

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The industrial production has been achieving high growth

Several companies from Europe and America are

outsourcing their business through India

Role in the new international order

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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

India and World Bank

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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.

Conclusion

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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.

References

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budget.myiris.com

www.shareyouressays.com

www.financialexpress.com

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