Notes and Study material for Exams
Economic Reforms In India New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more
IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as INFRASTRUCTURE, into a modern developed economy. New Economic Policy 1991 India opened up the economy in the … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses … Read more
INFRASTRUCTURE of the country. DISADVANTAGES OF PRIVATIZATION Privatization in spite of the numerous benefits it provides to the state owned enterprises, there is the other side to it as well. Here are the prominent disadvantages of privatization: • Private sector focuses more on profit maximization and less on social objectives unlike public sector that initiates socially viable adjustments in case of … Read more
Balance of Payment Crisis (BoP) Crisis 1991 Balance of payments Balance of Trade Current Account Capital Account Financial account Foreign exchange reserves InvestmentInvestmentMoney Supply, an increase in demand, or a decrease in supply. Economic growth is the increase in the amount of goods and services produced by an economy over time. Economic growth is measured … Read more
The Washington Consensus is a term used in international development to describe a set of ten specific economic policy prescriptions that were considered the “standard” reform package promoted for crisis-wracked developing countries by the Washington-based institutions such as the International Monetary Fund (IMF), World Bank, and the US Treasury Department. The ten policies in the … Read more
The following are the subtopics of LPG Reforms: Pricing Reforms: These reforms aim to make the prices of petroleum products more market-based. This will help to reduce subsidies and improve efficiency in the oil and gas sector. Distribution Reforms: These reforms aim to improve the efficiency of the petroleum products distribution system. This will help … Read more
Here is a list of subtopics on the 1991 economic reforms in India: LiberalizationLiberalization PrivatizationPrivatization DisinvestmentDisinvestment Deregulation InvestmentInvestmentForeign Direct Investment Trade liberalization Fiscal reforms Monetary reforms Financial Sector Reforms Agricultural reforms Labor reforms Education reforms Health reforms InfrastructureInfrastructure reforms Social sector reforms Governance reforms The 1991 economic reforms in India were a series of policy … Read more
The Narasimham Committee – II was a committee set up by the Government of India in 1991 to review the working of the Indian financial system. The committee submitted its report in 1993. The sub-topics of the Narasimham Committee – II report are: Introduction Macroeconomic EnvironmentEnvironment Financial Sector Reforms Exchange Rate Policy Banking Sector Reforms … Read more