Question

give two arguments for new economic reforms​

Answer 1

Answer:

Hy

Here is the answer

1. Increase in the Growth Rate of GDP-The high economic growth rates were experienced due to the economic reforms. In the pre-liberalised period, despite various growth measures of the government, the economic growth rate of India was lower than 4% per annum. However, with implementation of reforms, the economy has grown with a substantial pace.

2. Safety-Check on Fiscal Deficit- Prior to 1991, dueto higher level of non-developmental expenditure, the fiscal deficit of India was as high as 8.5% of GDP of the government. Therefore, introducing the economic reforms became inevitable. With reform process in India, the fiscal deficits have been controlled at the levels of 5% approximately.

Explanation:

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Answer 2

Heya Swetoms Here Is Your Ans

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Two Arguments For New Economic Reforms Are

> Economic Reforms Is Helping The

Country To attain Growing Competitiveness In it's Industrial Sector To face Global Competition.

> New Economic policies Aims To reduce The Extent Of poverty And inequality In The Distribution Of Income And Wealth.

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