Describe the economic development of India since the 1980's.
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Describe the economic development of India since the 1980's.1. Congress party was found in the year 1885 and has experiences many splits.
2. It was ruling party at the centre till 1977 and then in 1880-89, 2000 to till date
3. This party supports secularism and welfare of weaker sections and minorities.
The upcoming Budget provides an excuse to reflect on these questions. Responses to them should underpin the specific fiscal policy choices and broader economic policy priorities that feature in the Budget. Consider each in turn.
The Bhagwati-Sen opposition relates to whether promoting growth or focusing on equity is the key objective. Three points are worth mentioning here. Insofar as one must choose, it is fiendishly difficult to do so. The choice will depend on the goals of policy and the relative costs and benefits of the instruments used to achieve each of them.
2. It was ruling party at the centre till 1977 and then in 1880-89, 2000 to till date
3. This party supports secularism and welfare of weaker sections and minorities.
The upcoming Budget provides an excuse to reflect on these questions. Responses to them should underpin the specific fiscal policy choices and broader economic policy priorities that feature in the Budget. Consider each in turn.
The Bhagwati-Sen opposition relates to whether promoting growth or focusing on equity is the key objective. Three points are worth mentioning here. Insofar as one must choose, it is fiendishly difficult to do so. The choice will depend on the goals of policy and the relative costs and benefits of the instruments used to achieve each of them.
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