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    Making India Globally Competitive: Prof - Asok Kumar Banerjee

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    Rohit Karak
    The document discusses making India globally competitive. It notes that large emerging nations will be the economic growth engines of the 21st century. When measured by purchasing power parity, India has the 3rd largest economy in the world behind the US and China. For India to succeed globally, it must reposition itself from a domestic to a global orientation and compete as a "best value country" producing high quality goods and services. The document outlines policies needed for India to effectively compete in the global market such as creating brand equity, organizing global supply chains, investing in infrastructure, and leveraging human capital.

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    Making India Globally Competitive: Prof - Asok Kumar Banerjee

    Uploaded by

    Rohit Karak
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    The document discusses making India globally competitive. It notes that large emerging nations will be the economic growth engines of the 21st century. When measured by purchasing power parity, India has the 3rd largest economy in the world behind the US and China. For India to succeed globally, it must reposition itself from a domestic to a global orientation and compete as a "best value country" producing high quality goods and services. The document outlines policies needed for India to effectively compete in the global market such as creating brand equity, organizing global supply chains, investing in infrastructure, and leveraging human capital.

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    Mcc, Kolkata

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    The document discusses making India globally competitive. It notes that large emerging nations will be the economic growth engines of the 21st century. When measured by purchasing power parity, India has the 3rd largest economy in the world behind the US and China. For India to succeed globally, it must reposition itself from a domestic to a global orientation and compete as a "best value country" producing high quality goods and services. The document outlines policies needed for India to effectively compete in the global market such as creating brand equity, organizing global supply chains, investing in infrastructure, and leveraging human capital.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    5 views11 pages

    Making India Globally Competitive: Prof - Asok Kumar Banerjee

    Uploaded by

    Rohit Karak
    The document discusses making India globally competitive. It notes that large emerging nations will be the economic growth engines of the 21st century. When measured by purchasing power parity, India has the 3rd largest economy in the world behind the US and China. For India to succeed globally, it must reposition itself from a domestic to a global orientation and compete as a "best value country" producing high quality goods and services. The document outlines policies needed for India to effectively compete in the global market such as creating brand equity, organizing global supply chains, investing in infrastructure, and leveraging human capital.

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    of 11

    Making India Globally Competitive

    Kolkata 22nd JAN 2011

    Prof.Asok Kumar Banerjee

    Forces Shaping Global Economy

    Economic Pragmatism

    Aging of affluent markets Why focus On emerging markets

    Collapse of Communism

    World is flat

    Economic Growth Engines for the world

    Western Europe

    1800s

    US/ Canada

    1900s

    Large emerging nations

    21st Century

    New Measures of world economies The new measure is Purchasing Power Parity

    1) 2) 3)

    US China Japan

    $ 11 trillion $ 7 trillion $ 3.7 trillion

    4)
    5) 6) 7) 8) 9)

    India
    Germany UK France Italy Brazil

    $ 3.3 trillion
    $ 2.3 trillion $ 1.8 trillion $ 1.7 trillion $ 1.6 trillion $ 1.5 trillion $ 1.4 trillion

    10) Russia

    Repositioning of India
    Focus on Resource Advantage

    New India

    Domestic Orientation

    Global Orientation

    Old India
    All Sector Economy

    The Current Global Economy

    Canada United States

    European Union

    Japan

    Realignment of Global Economy: First Round

    North America (NAFTA)

    European Union (EFTA)

    Japan (ASEAN Block)

    Realignment of Global Economy: Second Round


    900 Million People

    North & South America

    EU & Eastern Europe

    Asia Pacific Region


    Including China

    600 Million People

    1800 Million People

    Global Repositioning of India


    Low Price High India must aspire & Globally compete in best value as well as premium markets

    High

    Quality

    Best Value Country (Japan, Korea)

    Premium Country (Swiss Model)

    Low

    Cheap Goods Country (China, Russia)

    Hit & Run Country (Emerging Economies)

    Reengineering Industrial Policy


    Ideology free Policy Globalization of Public Sector Enterprise Incentives for quality, innovation and productivity Employment through growth Develop and protect intellectual property rights Enforce environmental policy Convertible currency anchored to trade partners Selective exports based on resource advantage Anchor exports to selective markets - US, EU & China Balanced trade with anchored partners

    How to compete in the Global Market


    Create Brand Equity Organise Global Supply Chain Global Mindset

    Quality Reputation

    Get access to low cost of Capital Productivity through infrastructure

    Invest in design & research

    Globalise public sector enterprise

    Leverage Human Capital

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