How does ‘Disinvestment’ and ‘Fiscal policy’ turned out to be
drawbacks of LPG policy? Explain
Answers
Answer:
LPG reforms of 1991 is a strategic shift in Indian economy which changed the very Nature of Indian reality today. This topic forms the foundation for Indian Economy today. Having a fair idea about the change it brought in Indian economy and international events which lead to it is important for the Mains across disciplines.Nature of Indian economy in the pre reform era Factors which led to 1991 economic reforms International events associated with Indian reforms Current dimensions:Indian economic policy after independence was influenced by the colonial experience, which emphasised on industrialization under state monitoring, state intervention in labour and financial markets, a large public sector, business regulation, and central planning.
Explanation: