INTRODUCTION OF NATIONAL INCOME
MONEY AND BANKING
AGGREGATE DEMANDAND AGGREGATE SUPPLY
GOVERNMENT BUDGET
BALANCE OF PAYMENT AND FER
INDIAN ECONOMY ON EVE OF INDEPENDENCE
INDIAN ECONOMY (1950-1990)
ECONOMIC REFORMS
HUMAN CAPITAL FORMATION
RURAL DEVELOPMENT
EMPLOYMENT
COMPARATIVE DEVELOPMENT EXPERIENCE OF INDIA AND ITS NEIGHBOURS
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About Lesson
“This chapter focuses on the economic reforms introduced in 1991 to address India’s economic crisis and modernize the economy. Learn about the major structural changes under the policy of Liberalization, Privatization, and Globalization (LPG). Key topics include:
- Liberalization: Understand the reduction of restrictions on industries, trade, and investment to promote economic growth.
- Privatization: Study the transfer of ownership from public to private sectors and its role in enhancing efficiency.
- Globalization: Learn about India’s integration with the global economy through trade and investment reforms.
- Impact of Reforms: Explore the outcomes of these reforms, including higher growth, increased foreign investment, and challenges like inequality and unemployment.
Through activities and analysis, you will evaluate how these reforms transformed India’s economy and their implications for sustainable development.”
