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Liberalisation, Privatisation And Globalisation : An Appraisal
What are the major factors responsible for the high growth of the service sector?
India has been benefitted from the process of economic reforms and liberalisation, the rate of economic growth is increasing. The rate of growth of GDP was 5.6% during 1981-82 to 1990-91. During this period, the rate of growth in service sector was 6.7%. After adopting the new economic policy while the growth rate was 6.4%, the growth rate in service sector was 8.2 percent. So it is clear that the liberalisation and privatisation policy are responsible for the fast growth rate in service sector. For the period 2002-07, the projected growth rate in service sector is 8.0%
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Why was the rate of growth of private sector industries slow before 1991?
What were the reasons behind incompetence of many Indian products and industries before 1991?
Before 1991 why did India face a serious balance of payment problem?
What was the main objective of delicensing?
Before 1991, MRTP Act inhibited the growth of industries. How?
State the steps taken by the government towards liberalisation under the New Economic Policy.
What is the meaning of disinvestment of Public Sector Units?
What does foreign direct investinent mean?
What does fiscal deficit indicate?
How did the government promote exports before 1991?
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