ECONOMIC DEVELOPMENT IN INDIA: THE ROLE OF INDIVIDUAL ENTERPRISE (AND ENTREPRENEURIAL SPIRIT) Anil K. Lal* and Ronald W. Clement** The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial
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Human Development 13 CHAPTER he principal objective of development planning is human development and the attainment of higher standard of living for the people. This requires a more equitable distribution of development benefits and opportunities‚ better living environment and empowerment of the poor and marginalised. There is special need to empower women who can act as catalysts for change. In making the development process inclusive‚ the challenge is to formulate policies and programmes
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Landscape In the 1950s and 1960s‚ the United States was internationally pre-eminent in science and technology. The only country comparable to the US in terms of per capita innovative output during this time was Switzerland and much of any significant scientific and technological effort and achievement remained the exclusive preserve of a few advanced industrialised countries. In the last 30 years or so‚ however‚ the economic landscape has changed considerably and indeed continues to change with
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standing up to global competition with borrowed technologies & insecure and relationship-driven employees‚ organizations need to bring in change rapidly; and hence the acute need for O.D. in Indian organizations. Evolution of O.D. in India In India‚ O.D. and planned change started in the early 1960s. A group of Indian professionals trained at the National Training Laboratories (NTL) at Bethel‚ Maine‚ USA‚ brought out a good deal of O.D. technology in India. Grid programs were initiated and widely
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Every Technology handled by the Law of land in proper manner‚ in that matter There is no second thought. At present stage Nano Technology boomed with the help of Indian Patent Act ‚ 1970 ( Amended 2005 ) . Compared with West ‚ India put its step in to this technology very earlier. For example* ‚ a clear evidence that Carbon Nano technology existed centuries before in the Sothern part of India and Exported from the First century AD. This kind of Carbon Nano Technology Mixed Swords
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The economy of India is based in part on planning through its five-year plans‚ which are developed‚ executed and monitored by the Planning Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway.[1] Prior to the fourth plan‚ the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism‚ which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then
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Dictionary of Human Geography‚ is "the creation and maintenance of an unequal economic‚ cultural‚ and territorial relationship‚ usually between states and often in the form of an empire‚ based on domination and subordination." The imperialism of the last 500 years‚ as described by the above work‚ is primarily a western undertaking that employs "expansionist – mercantilism and latterly communist – systems." Geographical domains have included the Mongolian‚ Roman Empire‚ the Ottoman Empire‚ the Holy Roman
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of India. The management and administration of Prisons falls exclusively in the domain of the State Governments‚ and is governed by the Prisons Act‚ 1894 and the Prison Manuals of the respective State Governments. Thus‚ States have the primary role‚ responsibility and authority to change the current prison laws‚ rules and regulations. And Central government providing assistance to the States to improve security in prisons‚ repair and renovation of old prisons‚ medical facilities‚ development of borstal
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Global Development Conference of the Global Development Network‚ January 14-16‚ Beijing. 0 India’s Growth: Past and Future By Shankar Acharya1 This paper is divided into five sections. Section I briefly reviews India’s growth performance since 1950 and indicates a few salient features and turning points. Section II discusses some of the major drivers of India’s current growth momentum (which has averaged 8 percent in the last 3 years) and raised widespread expectations (at least‚ in India) that
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The economic development in India followed socialist-inspired policies for most of its independent history‚ including state-ownership of many sectors; extensive regulation and red tape known as "Licence Raj"; and isolation from the world economy. India’s per capita income increased at only around 1% annualized rate in the three decades after Independence.[1] Since the mid-1980s‚ India has slowly opened up its markets through economic liberalization. After more fundamental reforms since 1991 and their
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