This Topic Covers the Following Topics.

1. Overview of Economic Reforms in India
   • Introduction to economic reforms in India
   • Need and rationale for economic reforms
2. Generations of Economic Reforms
   • First Generation Reforms (1991-2000)
     • Industrial Policy 1991
     • Liberalization, Privatization, and Globalization (LPG)
   • Second Generation Reforms (2000-2010)
     • Financial sector reforms
     • Infrastructure development
     • Labor and factor market reforms
   • Third Generation Reforms (2010-2020)
     • Governance reforms
     • Strengthening of Panchayati Raj Institutions
   • Fourth Generation Reforms (2020 onward)
     • Digital and technology-enabled reforms
     • Emphasis on Public-Private Partnerships (PPP)
3. Key Economic Concepts and Policies
   • Liberalization and its impact
   • Privatization and disinvestment
   • Globalization and economic integration
   • Fiscal Consolidation and Fiscal Responsibility and Budget Management (FRBM) Act
   • Inflation control policies and their impact
   • Financial Inclusion and Digital Payment Systems
   • Public Sector Reform and autonomy to public institutions
4. Development Strategies
   • Washington Consensus and its influence on economic policies
   • Mixed Economy model and its impact on India’s growth
   • Role of Industrial Policy and its evolution over time
5. Sectoral Reforms
   • Agricultural market reforms and implications for rural development
   • Labor market reforms and their effect on productivity and workers’ rights
   • Secondary Market Reforms to improve stock market transparency
   • Infrastructure reforms through PPP models and their significance
6. Impact and Analysis of Reforms
   • Economic stability and growth as outcomes of reforms
   • Challenges of economic reforms in a developing country context
   • Role of economic reforms in addressing regional inequalities
   • The concept of “Reforms with a Human Face” ensuring equitable distribution of benefits
7. Critical Analysis of Economic Reforms
   • Successes and failures of privatization in India
   • The effectiveness of fiscal and inflation control policies
   • Analyzing the relationship between economic reforms and poverty reduction
   • The role of Panchayati Raj Institutions in rural governance and development

(Report this question)

You've reached the last question. Do you want to submit the exam or continue reviewing?