India in 2004

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:


Case Code : ECOA118 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges


Case Length : 22 Pages
Period : 2004
Organization : -
Pub Date : 2004
Teaching Note : Not Available
Countries : India
Industry : -


With the Indian economy growing at 8% a year, Indian politicians, businessmen, diplomats and journalists are displaying a new sense of self-confidence. Foreign exchange reserves at more than $100 billion, have reached record levels. The country is riding the wave of globalisation of services, led by the computer software industry. India has other reasons to be proud of.

In a region characterised by political instability and military coups, the country has maintained a democratic framework since independence. Despite poor literacy rates and widespread corruption, a high level of political awareness has ensured that democratic norms are respected.

Expectations are high from the new government led by Dr Manmohan Singh, who took charge in May 2004. But a major crash in the stock market on 17 May 2004 has made people sceptical about the government's intentions to proceed with economic reforms. Despite the government's disappointing budget in July 2004, many remain optimistic that the next budget will have several measures to hasten the process of economic liberalisation.


  Page No.
Introduction 1
Background Note 2
The Economy 4
Industry 6
Foreign Trade 8
Future Outlook 8
Exhibits 10


Indian economy, Indian industry, Reserve Bank of India, Dr Manmohan Singh, Foreign trade in India, Mining in India, Banking and insurance, National Democratic Alliance, India's GDP (gross domestic product), Agricultural economy, Vajpayee, Congress, India Gandhi, Economic liberalisation, Democracy

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