dmpq:economic

DMPQ:Economic reforms of 1991 was the major landmark in Indian Economic History. Outline the reasons which forced India for economic reforms.

The  major reasons are: Rise in Prices and galloping inflation. It surged from 6.7% to near about 16% Increase in the Fiscal deficit. Increase in non -development expenditure. Adverse Balance of payment and pressure on Balance of Payment. Iran-Kuwait war led to increase in Petrol price and hence pressure on Indian Imports. Adopted approach of … Read more

DMPQ:Economic growth in India has been broadly on an accelerating path. It is likely to be the fastest growing major economy in the world in the medium-term. Suggest ways to have double digit growth in the medium term.

Economic growth is key to the overall development. The growth accompanied by regulatory environment for inclusive growth can be a booster for Indian economy. Further, all global agencies like world bank, IMF etc. have termed India to be bright spot in the light of low growth rate of global economy. But, the economic environment must … Read more