New International Economic Order - The international confidence in India's economy has been fully restored.

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New International Economic OrderThe international confidence in India's economy has been fully restored. The reforms launched have made India an attractive place for investment. Duties have been lowered, repatriation of profit made liberal and levels of foreign equity raised considerably, 100 percent in case of export oriented industry. While several multinational companies have entered the Indian market, some Indian companies have also begun to gain international recognition. In the field of computer software, India is among the major exporting nations with an overflow of scientists in the field. The fourth WTO Ministerial Conference was held at Doha, Qatar from 9 to 14 November, 2001 to decide upon the future work programme of the WTO. While there were strong pressures to launch a comprehensive round of negotiations including multilateral regimes on investment, competition policy, trade facilitation, government procurement and environment, India was opposed to overburdening of the multilateral trading system with non-trade or new issues in the agenda. It felt that WTO already had a sufficiently large agenda consisting of mandated negotiations and mandated reviews and, therefore, India underlined the need for resolving the implementation issues, arising from the current agreements in a time-bound manner before addressing new issues for negotiations. India played a proactive role in the deliberations at the fourth Ministerial Conference at Doha. The outcome of the conference takes into account a number of concerns expressed by India. Exports, on the BOP basis, grew by 19.6 per cent in US dollar terms in 2000-01, accelerating sharply from the 9.5 per cent growth in the previous year. Total imports recorded a moderate growth of 7.0 per cent during 2000-01, much lower than the sharp increase of 16.5 per cent in 1999-2000. The moderate growth in imports during 2000-01 was essentially attributable to a 24.1 per cent increase in the oil import bill. Non-oil import growth, on BOP basis, remained subdued at only 2.0 per cent. CommodityUnit 1999-20002000-01*FoodgrainMillion Tonnes209.80195.9Sugar caneMillion Tonnes299.30299.20Jute and mesta Million Bales (180 kg each)10.6010.50Cotton Million Bales (170 kg each)11.5009.70Oil-seedsMillion. Tonnes20.7018.40CoalMillion Tonnes299.97309.63LigniteMillion Tonnes22.9511.05Cloth (mill & decentralised sector)Million Sq. Metres 18,98919,718Paper & paper boardMillion Tonnes3.453.09Nitrogenous fertilisersThousand Tonnes10,962.0010,959.00Phosphatic fertilisersThousand Tonnes3,743.004,082.00CementMillion Tonnes100.0499.50Aluminium Thousand Tonnes497.90620.40Electricity generationBillion kWh532.20554.5Originating traffic in
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railwaysMillion Tonnes478.20504.20 * ProvisionalSource: Economic Survey 2001-02India - Social Objectives and Welfare Education, Environment, Minorities, Health & Family Welfare Education Breakthrough In December 1993, India hosted the Education for All summit, which was attended by nine high population countries: Bangladesh, Brazil, China, Egypt, India, Indonesia, Mexico, Nigeria and Pakistan. Together these countries account for more than half of the world's population. The summit adopted the Delhi Declaration and Framework for Action which called for education for all children. More...The Panchayat Democracy thrives in India today largely because it has always existed in some form at the macro level even during ...

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