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Volume : II, Issue : XI, December - 2012 GLOBAL TURBULENCE AND INDIA'S PREPAREDNESS MAMDE SAGAR V. Published By : Laxmi Book Publication Abstract : In the mid of September and October Govt. of India with initiative of Hon.
Prime Minister and Finance Minister take one step ahead towards the reforms. It is
supported by Confederation of Indian Industries (CII) and some economist. The Prime
Minister is of the opinion that this dose will boost the Indian Economy. Since long back
he is emphasizing that the present reduction is growth rate, inflation, less employment
opportunities and downfall in value of rupee is the impact of global turbulence.
We have observed analysis and evaluated new Economic Policy for last two
decades. There are positive and negative impacts of accepting adopting the new
Economic Policy (NEP) the ingredients of this policy is globalization, liberalization and
privatization.
After 2007-08 or the period of downsizing the world economy, India is doing
better and will do better in near future. There is necessity of confirm agenda assured step
and political consensus for this purpose. The country is equipped with abundance
natural resources and reach tradition of agriculture which can be put to use for facing
challenges, Agriculture package, Foreign Direct Investment (FDI) acceleration of
public private partnership in the opening of insurance and pension sector of economy
are examples of accepting the challenges of new economic world order. Keywords : Article : Cite This Article : MAMDE SAGAR V., (2012). GLOBAL TURBULENCE AND INDIA'S PREPAREDNESS. Indian Streams Research Journal, Vol. II, Issue. XI, http://oldisrj.lbp.world/UploadedData/1773.pdf References : - Economic Survey Govt of India 2010-11,2011-12.
- Rakshit Mihir “India amidst the Global Crises, Economic and Political weekly VOI, XLIV No 13 Page 94.”
- Crotty James, Profound Structural flaws in the US Financial system that helped cause the financial crises, Economic and Political weekly VOI, XLIV, No 13 page 127.
- The global crises, causes responses and challenges, International Labor organization-2011 www.ifpro.org .
- Reav's Cate, The global financial crises of 2008-09. The role of greed fear and Oligarchs under the super vision of Deputy Dean Joame Yats Massachusetts Institute of Technology.
- Economic Survey Govt of India 2010-11,2011-12.
- Rakshit Mihir “India amidst the Global Crises, Economic and Political weekly VOI, XLIV No 13 Page 94.”
- Crotty James, Profound Structural flaws in the US Financial system that helped cause the financial crises, Economic and Political weekly VOI, XLIV, No 13 page 127.
- The global crises, causes responses and challenges, International Labor organization-2011 www.ifpro.org .
- Reav's Cate, The global financial crises of 2008-09. The role of greed fear and Oligarchs under the super vision of Deputy Dean Joame Yats Massachusetts Institute of Technology.
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