Question

What are the benefits of economic reforms in India?

Answer 1

Answer:

the benefits of economic reforms of India as follows

• after the economic reforms the rate of the growth of economy raised in India.
• the wholesale price index has shown a downward trend but retail prices increased rate.
• the foreign country reserves with the Reserve Bank of India have increased considerably after the reforms.

Answer 2

Reforms led to increased competition in the sectors like banking, leading to more customer choice and increased efficiency. It has also led to increased investment and growth of private players in these sectors.