The Indian Economy

Paper Summary:

The paper discusses the economic system and the socio-cultural environment in India. The paper describes India as a new force in the international market, that when the commercial and financial markets will be fully liberalized, both the Indian people and international investors will benefit. The paper looks at the national currency of India, inflation and the evolution of the exchange rate values for the Indian Rupee and the American Dollar.

Outline:
Indian Economic System
Socio-cultural Environment
Regional Economic Integration
Foreign Exchange Market

From the Paper:

"Besides the fact that it has the second largest population in the world, above the critical figure of 1 billion inhabitants, India is known at the global level, for the fact that its economy is booming. The economic growth rate reached the value of 9.4 %, right after the most fast growing economy of the world - China. However much is to be done in the direction of economic development since the major international organisations offer India the title of 'underdeveloped country' This unfortunate denomination is attributed to the enhanced level of poverty and lack of economic equalitarian distribution of incomes and revenues."

Sample of Sources Used:

• Rosser, Yvette. Curriculum as Destiny: Forging National Identity in India, Pakistan, and Bangladesh (2003) University of Texas at Austin
• Geer Hofstede web site http://www.geert-hofstede.com/hofstede_india.shtml
• Datt, Ruddar & Sundharam, K.P.M. (2005). "2", Indian Economy. S.Chand, 15-16. ISBN 81-219-0298-3
• Cameron, John and Ndhlovu, P Tidings (2001). "Cultural Influences on Economic Thought in India: Resistance to diffusion of neo-classical economics and the principles of Hinduism
• Sankaran, S (1994). Indian Economy: Problems, Policies and Development. Margham Publications. ISBN

More papers on The Indian Economy:

• Research Paper # 42945 : "The Indian Economy"
• Research Paper # 38752 : "Modern Indian Economy"
• Book Review # 129683 : "Trade and Civilization in the Indian Ocean"

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