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A Historical Tour To Indian Economy (Pre and Post Colonial Preview)

Dr. (Capt.) Santram ()
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Dr. (Capt.) Santram: Head, Dept, of Commerce and Acting Principal, A.S. College, Mawana (U.P.)

Journal of Commerce and Trade, 2005, vol. 0, issue 1, 41-44

Abstract: The economy of India is fastest growing major economy in the world with a GDP growth rate of 8.1 percent at the end of the first quarter of 2005-2006. i The agriculture in pre-colonial India satisfies the food requirements of the village and also provides raw materials for hand-based industries like textile, food processing and crafts. i The estimated revenue of Akbar’s Mogul empire in 1600 at £17.5 million in contrast to the entire treasury of Great Britian in 1800 i.e., £ 16 million. i A broader macro-economic view of India during the colonial period reveals that there were segments of both growth and decline. i The economic liberalisation of 1991, initiated by then Indian Prime Minister P.V. Narasimha Rao and his finance minister Mammohan Singh in response to a macro-economic crisis did away with the Licence Raj and ended public sector monopoly in sectors while automatically allowing approval to FDI.

Keywords: stress; employee attraction; pressure; turnover; retention strategies (search for similar items in EconPapers)
JEL-codes: A0 C0 (search for similar items in EconPapers)
Date: 2005
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