Question

Briefly explain two problems of economic reforms in India. ​

Answer 1

heya here i m with your answer

ANSWER

The reforms were comprehensive and extensive as it covered all sectors- trade, investment, industrial sector, financial sector, public sector, fiscal sector etc

1) Rise in Prices: Due to inflation country's economic position became worse.

2)ADVERTISEMENTS: Main reason for inflation was rapid increase in money supply. It was due to deficit financing Deficit financing means borrowing from Reserve Bank of India by Government to meet its deficit..

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