Question

Project: Prepare a report of 1000-1500 words indicating the progress of Indian economy since economic reforms.

Answer 1

Explanation:

After 1991, India implemented the policy of liberalisation. Foreign Direct Investment increased and the inflow and outflow of goods increased drastically. Foreign Direct Investment is important for developing nations since it results in the growth of the economy. It has a positive result which leads to capital formation and hence increases the productivity which finally leads to increase in exports. It leads to lower unemployment and better living conditions of the people.