Question

Conclusion on economic Reform Since 1919

Answer 1

Answer:~

ECONOMIC REFORMS :~

Economic reforms were introduced by the Government of India in July 1991. The reform process has completed 17 years. It would, therefore, be both interesting and instructive to make an overall assessment of the reform process so as to ascertain whether the country is moving in the right direction, or, to terminate the reform process altogether.

GOALS:~

The objectives of the reform process were:

The objectives of the reform process were:(a) To promote a faster rate of growth,

b) To enlarge employment potential leading to full employment,

b) To enlarge employment potential leading to full employment,c) To reduce the incidence of poverty,

(d) To promote equity, leading to a better deal for the poor and less well-off sections of society,

(e) Reduction of regional disparities, i.e., the gap between the rich and the

e) Reduction of regional disparities, i.e., the gap between the rich and the(f) Improving the BOP position

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