License permit raj

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1. THE LICENCE-PERMIT RAJ 1947 - 1990 2.  A term used to describe regulation of the private sector in India between 1947 and the early 1990s.  One needed the…
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  • 1. THE LICENCE-PERMIT RAJ 1947 - 1990
  • 2.  A term used to describe regulation of the private sector in India between 1947 and the early 1990s.  One needed the approval of numerous agencies in order to set up a business legally.  Result of a mixed economy that used a govt. planning commission established after independence.  The license raj was largely successful in the 1950s and after, but eventually lead to low rates of growth and investment.  India began to liberalize its economy in the 1980s ending the license raj.
  • 3. Scenario  Political relations played as an effective factor in expansion  More Expansion in abroad as compared to India  Growing governmental intervention in the economy
  • 4. Low enterprise creation  New enterprises founded during License-Permit Raj  Much fewer enterprise were launched than Nehru era.  Example- Nirma Group, Hinduja Brothers
  • 5. Structural-Strategic Postures  Lack of significant development in structure and strategy  Business leaders were depended more on intuition and gut feeling than knowledge based understanding of the situation  Invested more in foreign collaboration than R&D and quality
  • 6. The FERA, 1973  Intended to restrict the inflow of foreign capital into the country  MNCs were required to dilute their holdings to 40% in their Indian subsidiaries
  • 7. Public sector  Huge increase in PSU than Nehru era.  Further expansion in acquiring private firms.  Lack of requisite autonomy and constant interference by the Ministries.  Limited success.  Creating employment opportunities for the sectors neglected by private firms.  Leads to losing the elan of License-Permit raj.
  • 8. Video  The License-Permit Raj
  • 9. Campus Overview 907/A Uvarshad, Gandhinag ar Highway, Ahmedabad – 382422. Ahmedabad Kolkata Infinity Benchmark, 10th Floor, Plot G1, Block EP & GP, Sector V, Salt-Lake, Kolkata – 700091. Mumbai Goldline Business Centre Linkway Estate, Next to Chincholi Fire Brigade, Malad (West), Mumbai – 400 064.
  • 10. Thank You
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