Assess the performance of Indian Economy since 1991
Dear student,
The performance of Indian economy has improved a lot since 1991. Some of improvements are:
* The licencing policy has became liberal, the requirement of licencing has been abolished for most of the industries except for alcohol, cigarettes, hazardous chemicals, defence equipment and industrial explosives.
* Restriction on merger and takeover are removed.
* Private sector has been allowed to enter into infrastructure sector.
* The policy of liberalisation has encouraged the entrepreneurs to undertake investment.
* The growth rate of GDP has increased.
* The foreign exchange reserves has increased.
* The share of tertiary sector has increased in national income.
* FDI has increased.
* With the policy of disinvestment, share of public sector has decreased.
* Import and export duties has been reduced.
* Free flow of technology has been allowed in India industries.
* With globalisation there has been free flow of goods and services between countries.
Regards
The performance of Indian economy has improved a lot since 1991. Some of improvements are:
* The licencing policy has became liberal, the requirement of licencing has been abolished for most of the industries except for alcohol, cigarettes, hazardous chemicals, defence equipment and industrial explosives.
* Restriction on merger and takeover are removed.
* Private sector has been allowed to enter into infrastructure sector.
* The policy of liberalisation has encouraged the entrepreneurs to undertake investment.
* The growth rate of GDP has increased.
* The foreign exchange reserves has increased.
* The share of tertiary sector has increased in national income.
* FDI has increased.
* With the policy of disinvestment, share of public sector has decreased.
* Import and export duties has been reduced.
* Free flow of technology has been allowed in India industries.
* With globalisation there has been free flow of goods and services between countries.
Regards