explain two reasons for the failure of pre-liberalisation economic policy
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The budget for the current fiscal year puts the share of capex at a mere 12.5%. Economic liberalization has failed to provide secure and decent jobs to the mass of the population. Chart 5 shows that in spite of all the reforms, the number of employees per non-agricultural establishment has been coming down steadily.
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The budget for the current fiscal year puts the share of capex at a mere 12.5%. Economic liberalization has failed to provide secure and decent jobs to the mass of the population. Chart 5 shows that in spite of all the reforms, the number of employees per non-agricultural establishment has been coming down steadily.
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