what is the impact of economic reforms in indian context?

Answer 1

The impact can be described in one word... globalization. Globalization reforms are actually going to boost India's economy enormously and make them a viable global market competitor to be taken very serious.

Answer 2

There is a revealing article in Frontline, by Subramanyam Swamy, a maverick politician and a former Cabinet Minister of Chandra Sekhar's short-lived government, where he has highlighted the crying need for the second generation reform. We have indeed achieved a significant growth rate, especially in the Service Sectors. But, the progress in agriculture and industrial sector are not good enough.

Answer 3

economic reforms that were started in 1991 has a profound impact on india.the licence raj has gone and industrialists are getting permits to establish their companies very easily when compared to yester years. the flow of foreign direct investment as well as technology is coming to india. due to the stable government and its progressive policies most of the developed countries is finding india as a hub for their investment. indian markets are expanding. quality consensus is developing among indian entrepreneurs there by there are compeing with other international companies. india is excelling in some sectors like software pharma,bio-technology etc. service sector is also thriving. for smooth running of any economy, if u describe the economy as a cart both agriculture and industry are two wheels. if the two wheel are propelled properly then there will be smooth journey.similarly, if agriculture and industry are developed properly that is said to be the proper growth. presently india is giving importance to industrialization and some states like andhra pradesh are giving importance to construction of water projectsdue to the reason that the culture of india is agriculture. it is aimed for 10 percent growth rate. reforms are said to be successful when the fruits are reached to the lowest strata of the society. euphoria of common man is most important. education, health and infrastructure is to be given importance for further growth.

Answer 4

GDP is growing at a faster rate. Whichever sector is opened up for private competition, services have improved and cost has come down drastically. Telecom sector is the best example. Still more sectors need to be opened up and corrupt practices of trade union leaders should be curbed.

Answer 5

here are some sites with articles which could be helpful to u. so check them out

http://ieg.nic.in/workbhanu247.pdf

http://www.punjabilok.com/agriculture/impact_ecoref1.htm

http://www.flonnet.com/fl1902/19020610.htm

http://www.arts.cornell.edu/econ/indiaconf/Murthy outline.pdf

Answer 6

poor becoming very poor and rich is becoming very rich