Status of L.P.G. in India

8/3/2019 Status of L.P.G. in India

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SeminarSeminar

Status of L.P.Gin India


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LiberalizationLiberalization

The 1990s saw the emergence of liberalisation.

Involved the lifting of government controls,

permits, licenses and allowing competition toplay its role in the economy.

Allowing private enterprises, including

Multinational Corporations (MNCs), to operate

in an area hitherto monopolized by the

Government of India.


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Benefits of LiberalizationBenefits of Liberalization

Increase the foreign investment.

Increasing the foreign exchangereserve.

Increase in consumption.

Control over price.

Check on corruption.


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Limitation of liberalizationLimitation of liberalization

Increase in unemployment.

Loss of domestics unit.

Increase dependence on foreign nation.

Unbalance development.


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PrivatizationPrivatization

Its is the process of transferring ofownership of a business, agency or

public service from the government

to the private sectors.


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Advantage of privatizationAdvantage of privatization

Increase in competition.

Increase in responsibility.

Reduction in economic burden of

government.

Increase the industrial growth.

Increase the foreign investment.

Reduction in public sectors.


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Limitation of PrivatizationLimitation of Privatization

Industrial sickness.

Lack of welfare.

Increase in inequality.

Problem in financing.

Increase in unemployment.Ignores the national importance.

Ignores the weaker sections.


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GlobalizationGlobalization

Increasing unification of the world's

economic order through reduction ofsuch barriers to international trade as

tariffs, export fees, and import quotas.


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Merits of globalizationMerits of globalization Discourage restrictive form of governance.

There is an International market for companies and

for consumers there is a wider range of products to

choose from. Increase in flow of investments from developed

countries to developing countries, which can be

used for economic reconstruction.

Greater and faster flow of information betweencountries and greater cultural interaction has

helped to overcome cultural barriers.

Technological development has resulted in reverse

brain drain in developing countries.


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Demerits of globalizationDemerits of globalization

The outsourcing of jobs to developing countries has

resulted in loss of jobs in developed countries.

There is a greater threat of spread of communicable

diseases.There is an underlying threat of multinational

corporations with immense power ruling the globe.

For smaller developing nations at the receiving end, itcould indirectly lead to a subtle form of colonization.


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ConclusionConclusion India gained highly from the LPG model as its GDP

increased to 9.7% in 2007-2008. In respect of market

capitalization, India ranks fourth in the world. But

even after globalization, condition of agriculture hasnot improved. The share of agriculture in the GDP is

only 17%. The number of landless families has

increased and farmers are still committing suicide. But

seeing the positive effects of globalization, it can besaid that very soon India will overcome these hurdles

too and march strongly on its path of development.


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Presented byPresented byShashi Shekhar Basnet

(MBA/10/036)

Prabin Boruah (MBA/10/018)Dhananjay Das (MBA/10/024)

Ganesh Das (MBA/10/025)

Status of L.P.G. in India

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