Globalization in India
Globalization in India was the third step under the New Economic Reforms of 1991. It is an extension of the liberalization and privatization policies.
Economics
Privatization in India
Accordingly, in the New Economic Reforms of 1991, privatization in India was initiated as an important measure. It was decided to gradually phase out the public sector and pave the way for privatization.
Economic Liberalization in India
Economic Liberalization in India: The success stories of the countries such as Singapore, Korea, and Thailand confirm the role of liberalization in the growth and development process.
Economic Reforms in India
Economic reforms refer to a set of tools and policies initiated in an economy in order to facilitate the process of growth and development. After going through this lesson, you will understand the Economic Reforms in India
Industrial Policy Resolution 1956
Industrial Policy Resolution (IPR) 1956 was a declaration of the government that was initiated with the purpose of rapid industrialization to achieve high economic growth along with social justice.
What is Agricultural Subsidy?
Agricultural subsidy is generally provided to the poor farmers with the motive of reducing inequality of income between the rich and the poor farmers and promoting an egalitarian distribution of income.
Green Revolution in India
In India, Green Revolution was introduced in two phases. The first phase was in the period mid-60s-mid 70s. Initially, it was restricted only to certain states such as Punjab, Andhra Pradesh, and Tamil Nadu
What is Socialist Economic System?
Under a socialist economic system, the decisions regarding the central problems of what to produce, how to produce, and for whom to produce are taken by the government.
What is Capitalist Economic System?
In a free-market economy or a capitalist economic system, the decisions regarding what, how, and for whom to produce are governed by the market forces.
Types of Economic System
Economic System is of strategic importance for an economy to decide what goods and services to be produced. Three types of Economic System are…