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Indian Financial and Business Models
- Dr. Varadraj Bapat
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Indian Financial and Business Models How did the course evolve
- CA. S. Gurumurthy Avenues 2010 with Adi
Indian Financial and Business Models Dr. Varadraj Bapat Indian - - PowerPoint PPT Presentation
Indian Financial and Business Models Dr. Varadraj Bapat Indian - - PowerPoint PPT Presentation
Indian Financial and Business Models Dr. Varadraj Bapat Indian Institute of Technology, Mumbai varadraj@som.iitb.ac.in 9892413119 Indian Financial and Business Models How did the course evolve CA. S. Gurumurthy Avenues 2010 with Adi Godrej
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What is GDP ? How much is GDP of India
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- Indian Economy - GDP
- $.... Tn (nominal), … ; Oct. 2014
- $.... trillion (Nominal, Dec 2015)[3]
- $ … trillion (Nominal, ..; Apr 2016)
- $..... trillion (Nominal, ….; Jan 2017)
- $.... trillion (PPP: …; Oct. 2014)[1]
- $..... trillion (PPP, December 2015)
- $.... trillion (PPP, Apr 2016)
- $..... trillion (PPP,3, Jan 2017)
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- Indian Economy - GDP
- $2.05 Tn (nominal) 10th; Oct. 2014
- $2.22 trillion (Nominal, Dec 2015)[3]
- $2.25 trillion (Nominal, 7th; Apr 2016)
- $2.46 trillion (Nominal, 6th; Jan 2017)
- $7.277 trillion (PPP: 3rd; Oct. 2014)[1]
- $8.52 trillion (PPP, December 2015)
- $8.72 trillion (PPP, Apr 2016)
- $9.59 trillion (PPP,3, Jan 2017)
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- Indian Economy - GDP
- GDP growth
- 3.986% (2012–13)
- 7.4% (2014-15) 7.6% (2015-16)[4]
- 7.0% (2016e), 7.6% (2017f)
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- Indian Economy
- Inflation (CPI)
- CPI: … WPI: …… [2]
- (2016)
- CPI: …., WPI: …. % (April 2013)
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- Public Finances
- Public debt
- …. of GDP
- Budget deficit …% of GDP
- Credit rating
- ………
- Foreign reserves
- $ … billion
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- Public Finances
- Public debt
- 66.5% of GDP (2016)
- 66.7% of GDP (2013)
- Budget deficit
- 3.9% of GDP (2015–16)
- 4.1% of GDP (2014–15)
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- Credit rating
- BBB- (Domestic/ Foreign)
- (Standard & Poor's)
- Foreign reserves
- $366.77 billion (as of 26 August 2016)
- $352.5 billion (as of 11 Dec 2015)
(9th)
- $338.08 billion (as of 27 Feb 2015)
- Main data source: CIA World Fact
Book
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Western Vs. Bharatiya Economic Thoughts
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- Capitalism भाःडवलशाही
- Vs. Communism मार्ख्सवाद
- Consumerism
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Capitalism भाःडवलशाही
- 1770
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Capitalism भाःडवलशाही
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- Communism मार्ख्सवाद
- शोषण मुकॎती
- समानता
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Marxism
- Marx and Engels
studied the history of the world’s economies
Basic Communism Feudalism Capitalism Communism !!!! Socialism
- They
believed they discovered an inevitable pattern
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- Communism
- First Country ?
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USSR
- USSR stands for:
Union of Soviet Socialist Republics.
- The USSR was
formed in December 1922.
- USSR a.k.a. Russia.
- The USSR is a
Communist party.
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Communist control of the World
- Moscow
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माकॎसस वाद
शोषण मुकॎती / समानता
- धमस / परंपरा नषॎट करा
- मानवी मुलॎय पायदळी
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माकॎसस वाद
- हुक
ु मशाही
- हतॎया
- खून
- गररबी
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माकॎसस वाद १० कोटी हतॎया
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माकॎसस वाद
- हुक
ु मशाही
- हतॎया
- खून
- गररबी
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- Capitalism भाःडवलशाही
- Vs. Communism मार्ख्सवाद
- १९९०
- Consumerism
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- Capitalism भाःडवलशाही
- Consumerism अनिर्भंध उपभोग
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- Capitalism भाःडवलशाही
- Consumerism अनिर्भंध उपभोग
- Bush urged the U.S. public to go shopping
and take vacations (2001 -9/11)
- (http://consortiumnews.com/2011/09/11/chronicling-americas-911-descent/)
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- Capitalism भाःडवलशाही
- Consumerism अनिर्भंध उपभोग
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ववषमता
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ववषमता
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- Capitalism भाःडवलशाही
- Consumerism अनिर्भंध उपभोग
- Market Economy
- Market Society
- Market Family
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Family Destroyed - Marriage
In US, More than 50 % of children born to under 30 women are out of wedlock
- Marriage is Luxury Good
http://parenting.blogs.nytimes.com/2012/02/19/for-younger- mothers-out-of-wedlock-births-are-the-new-normal/ http://www.nytimes.com/2012/02/18/us/for-women-under-30- most-births-occur-outside-marriage.html?pagewanted=all
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Family Destroyed - Marriage
In US, More than 50 % of children born to under 30 women are out of wedlock
- Marriage is Luxury Good
http://parenting.blogs.nytimes.com/2012/02/19/for-younger- mothers-out-of-wedlock-births-are-the-new-normal/ http://www.nytimes.com/2012/02/18/us/for-women-under-30- most-births-occur-outside-marriage.html?pagewanted=all
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Family Destroyed - Marriage
In US, More than 50 % of children born to under 30 women are out of wedlock
- Marriage is Luxury Good
http://parenting.blogs.nytimes.com/2012/02/19/for-younger- mothers-out-of-wedlock-births-are-the-new-normal/ http://www.nytimes.com/2012/02/18/us/for-women-under-30- most-births-occur-outside-marriage.html?pagewanted=all
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Family Destroyed - Marriage
A million children growing up without fathers in UK In UK there are more households with TV’s than fathers
http://www.bbc.co.uk/news/education-22820829 (9 June 2013)
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Marriage or divorce in US or Europe
Year Marriages per 1000 unmarried women 1970 63.4 2008 37.4 Year Households with children less than 18 1960 49 percent 2008 31 percent ‘;k Children living with single parents 1960 9 percent 2008 26 percent
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Society and Family
- Warnings came true sooner than later
- This cost 88 million additional houses, valued
at $16 trillion at current prices.
Year Average persons per house 1930 4.5 1950 3.5 2010 2.6
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Avg persons per house in us
- Pic
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3/21/2017
- Dr. Varadraj Bapat, IIT Mumbai
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High rate of crime
प्ऱचंड गुनॎहेगारी. भ्ऱषॎटाचार खून मारामारी बलातॎकार
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High rate of crime
India is 79th on that list with a rate of 1.8 rapes reported per 100,000 population
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High rate of crime
The dataset includes figures for 126
- countries. No of prisoners
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्ृषॎटीचे शोषण
नैसरॎगसक संपतॎती चा ववधॎवंस प्ऱचंड प्ऱदूषण
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3/21/2017
- Dr. Varadraj Bapat, IIT Mumbai
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Impact ?
- Saving Rates ?
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US on a binge
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3/21/2017
- Dr. Varadraj Bapat, IIT Mumbai
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US personal savings
U.S. personal savings rate has been on its way down. In other words, consumers have been spending more than they have been earning. Some economists warn that this is troubling and unsustainable.
http://www.businessinsider.in/CHART-OF-THE-DAY-Why-The-Personal-Savings- Rate-Is-Tumbling/articleshow/21189234.cms 9 Apr 2013
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US
- Foreign investments made in the US total
almost $2.4 trillion, which is more than twice that of any other country. (2012)
- Wiki CIA World jgf
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US
- What made USA to borrow so much and
reduce savings ?
- Alan Greenspan -
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Greenspan
- Alan Greenspan served as Chairman of
the Federal Reserve of the United States from 1987 to 2006.
- Directed the very course of US economy
and of the globe for two decades.
- God of Money
- Sparing the Americans from the need to
- save. Enticing them to spend.
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Current situation
- Home loans of households top $10 trillion.
- More than 1/3rd weren’t incurred to buy
houses.
- According to Greenspan himself,
household borrowed $3.2 trillion against security of appreciation in their home values (called ‘home equity cashed out’) during 2002-2007, and splurged into consumption.
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Current situation
- 111 million US households use 1.2 billion
credit cards, on which they owe $2.5 trillion.
- Not just families, their finances too are
broken, thanks to the financial networks of the US praised by Greenspan, having ‘enticed’ and made the US families profligate.
- The state-provided social security that has
replaced the families and made them state- dependent is stressed and potentially bankrupt.
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Overall Debt % of GDP
CANADA= 276 % RUSSIA= 72% UNITED STATES=280% CHINA= 184 % BRAZIL = 148% INDIA= 122 % BRITAIN = 507 % JAPAN= 512 % GERMANY= 278 % SOUTH KOREA=314% FRANCE= 346 % SWITZ= 314 % SPAIN= 363 % ITALY = 314 %
@Prof R.Vaidyanathan,IIMB,2012
http://www.economist.com/blogs/graphicdetail/2012/01/daily-chart-8