Economy, asked by halaasif13, 10 months ago

16. While discussing the merits of the LPG reforms in India, bring out the challenge that lies ahead for the Indian economy?

Answers

Answered by Anonymous

Explanation:

Here we detail about the seven important features of new economic policies under economic reforms, i.e., (1) Liberalisation, (2) Privatisation, (3) Globalisation of the Economy, (4) New Public Sector Policy, (5) Modernisation, (6) Financial Reforms, and (7) Fiscal Reforms.

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Answered by Raghav1330

The merits of the LPG reforms in India, bring out the challenges that lie ahead for the Indian economy.

There is an increase in foreign investment and in foreign exchange reserves.
It examines inflation and the rate of rising prices over a specified period of time. Inflation is tentatively a wide estimate, such as the total rise in prices or the rise in the value of living in the country.
There is also an increase in the export of goods and a rise in national income. It has affected the supremacy of consumers.
It has affected the social sectors such as, education and health were disregarded and it led to poor health services and awful development in education.

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