Liberalisation, Privatisation And Globalisation : An Appraisal
Discuss economic reforms in India in the light of social justice and welfare.
In the light of social justice and welfare, economic reforms have resulted in the growth of GDP from 6.1 to 8% during 10th five year plan. It has also caused the growth of small scale industries. India is becoming pioneer producer in the field of engineering goods, telecommunication, readymade clothes etc. inflation has also been controlled. However, economic reforms have adversely affected the growth of agriculture sector. It has resulted in widening the inequalities among people, or states. Further, it has increased the income and quality of consumption of only high income groups and the growth has been concentrated only in some select areas in the services sector such as telecommunication, information technology and finance, entertainment, travel and hospitality services and real estate and rather than vital sectors such as agriculture and industry which provide employment and livelihood to millions of people in the country
Sponsor Area
What is privatisation?
What is the meaning of globalisation?
Why did the New Economic Policy emphasize a shift towards private sector?
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?
Sponsor Area
Sponsor Area