Write any four argument infavourvof economic reforms

Dear student

Some arguments  in favour of New Economic Reforms  are as follows:
(i)Inspite of heavy investments by the public sector in 1990, our domestic production increased by 4% per capita income which showed anincrease of just over 1%. It was assumed that the new economic reforms would foster greater rate of economic growth.
(ii) Reduction in fiscal deficit which had been continuously mounting has made new reforms inevitable.
(iii) The fall in tax rates, controlled supply, higher production, and other liberalization measures will bring prices under control which ham-pered the development process.
(iv) The balance of payment problem will be tackle with rising exports due to removal of trade and investment barriers.


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