The document discusses India's economic history and potential. It notes that India was one of the world's earliest economic superpowers, accounting for 26% of global GDP until the 17th century. However, after being colonized for 300 years, its economy declined and it gained independence in 1947. The document outlines key global economic events of the last century and themes of different decades. It frames the current decade as a potential time for India's economy, describing it as "the elephant dances." The document aims to present an economic perspective on India.

1. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
Alexander Tytler: The 200 Year Cycle Of Nations
(The Fall Of The Athenian Republic 1787)
Neeraj Batra
GCMI-Term I
From Bondage To Unity
From Unity To Righteous Faith
From Righteous Faith To Great Courage
From Courage To Liberty
From Liberty To Abundance
From Abundance To Complacency
From Complacency To Selfishness
From Selfishness To Apathy
From Apathy To Dependence
From Dependence To Bondage
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF

2. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
Remarkable History:
Inventor of The Pi,Decimal Neeraj Batra
System,Zero and The Land Of GCMI-Term I
Kamasutra
5000 Year History and the Worlds
economic Superpower till the
17th Century.
Till 300 years India was 26 % of
World GDP , larger than the
combined GDP of Europe.
Share Fell Below 2 % in the
1970s, now up to 4 %
Plundered & Enslaved For the
next 300 Years. Gained
Independence In 1947 and
Liberalised in 1991 the
economy.
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF

3. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
Neeraj Batra
GCMI-Term I
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF

4. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
KEY EVENTS OF THE LAST 100 YEARS
Neeraj Batra
1914-18 : WORLD WAR I
GCMI-Term I
1929-39 : GREAT DEPRESSION
1939-45 : WORLD WAR II
1950-60 : REBUILDING JAPAN/EUROPE
1960-70 : USA DOMINATES
1971 : BRETTON WOOD COLLAPSES
1972-82 : OIL PRICES GO UP 12x In 1 YEAR
1979-82 : PETRO DOLLAR/LAM CRISIS
1997-98 : LTCM/ASIAN TIGERS CRISIS
2000-01 : DOTCOM CRISIS
2003-04 : 911 TERRORISM
2007 : SUB PRIME IMBROGLIO/GLOBAL
MELTDOWN
2008 : DELEVERAGING-YEN CARRY
FWD UNWIND. WESTERN WORLD
LEADERSHIP ?
2010 : PIIGS- SOVEREIGN RISK
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF

5. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
THEMES OF THE LAST 5 DECADES
Neeraj Batra
THE LAST 50 YEARS GCMI-Term I
MID-70s OPEC COUNTRIES SURGE ON PETRO-
DOLLARS
MID-80s JAPAN DOMINATED WITH EXPORTS LED
ECONOMY
1990s ASIAN TIGERS:TAIWAN/THAILAND/MALAYSIA
LATE-90s USA RE-EMERGES WITH THE TECHNOLOGY
& INTERNET BOOM
2000s CHINA DOMINANCE/BRIC ECONOMIES
2010 PIIGS ROLL IN THE MUD
2020- THE ELEPHANT DANCES ? THE DRAGON
SPITS FIRE: A NEW ECONOMIC ORDER
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF

6. © INFINITY BUSINESS SCHOOL
2011-12 THE INDIAN ECONOMY
The Potential Of A Billion Dreams
THE VIRTUOUS CYCLES OF MARKETS
Neeraj Batra
GCMI-Term I
© Neeraj Batra INDIA: AN ECONOMIC PERSPECTIVE Data/Charts Draws From Reports By CLSA,
McKinsey, U.N.,Goldman Sachs,The Economist,
Enam and IMF