Economic reforms in India from "summary" of Oswaal NCERT One For All for UPSC & State PSC's Indian Economy Classes-9 to 12 (Old & New NCERT Edition) (For 2023 Exam) by Oswaal Editorial Board
Economic reforms in India refer to the changes and policies implemented by the government to improve the country's economic performance. These reforms aim to liberalize the economy, promote growth, attract investments, and create a conducive environment for businesses to thrive. The economic reforms in India have been a result of various factors such as globalization, technological advancements, and the need to compete in the global market. One significant aspect of economic reforms in India is liberalization, which involves reducing government control and allowing the market forces to play a more significant role in the economy. This includes deregulation, privatization, and opening up of various sectors to foreign investment. Liberalization has helped in increasing competition, efficiency, and productivity in...
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