What do you understand by economic reforms in india?
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Meaning of Economic Reforms"Economic reform" usually refers to deregulation, or at times to reduction in the size of government, to remove distortions caused by regulations or the presence of government, rather than new or increased regulations or government programs to reduce distortions caused by market failure.
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ECONOMIC REFORMS :
It refers to all those measures which aim at rendering the economy more efficient , competitive and developed. Liberalisation,Privatisation and globalisation are the principal elements of economic reforms in India..
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