Indian economic policy reforms since 90's

12,142 views

Published on

Published in: Education
0 Comments
9 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
12,142
On SlideShare
0
From Embeds
0
Number of Embeds
18
Actions
Shares
0
Downloads
668
Comments
0
Likes
9
Embeds 0
No embeds

No notes for slide

Indian economic policy reforms since 90's

  1. 1. Economic Reforms since 90’s<br />By,<br />Parth Purohit-DurvaShastri<br />
  2. 2. Agenda<br />Introduction<br />Major Causes<br />Role Of ManmohanSingh<br />Major economic reforms<br />Significant Consequences<br />Various Sectors Affected<br />Conclusion<br />
  3. 3. Introduction<br /> The term ‘economic reforms’ refers to policy reforms undertaken by the central govt. since 1990 to attain certain significant achievementsthrough the main approaches which are as follows:<br />Stabilization<br />Restructuring<br />Globalization<br />
  4. 4. Major Causes<br />Increase in fiscal deficit<br />Deficit in Balance of Payment<br />External Borrowings<br />Mounting Inflation Rate<br />Failure of the public sector<br />Industrial licensing policies<br />Gulf Crisis<br />
  5. 5. Role Of Manmohan Singh<br />Wide ranging tax reforms<br />Containment of defence equipment<br />Cuts in fertilizers<br />Inward oriented trade policy <br />Exchange rate devalued<br />
  6. 6. Major Economic Reforms<br />Fiscal Reforms:<br />Reducing the Fiscal Deficit<br />Banking Sector<br />Import Licensing<br />Export Orientation<br />Tax Reforms<br />Direct Tax<br />Indirect Tax<br />Resource Generation through Divestment<br />Structural Economic Reforms<br />Reorientation of Planning<br />
  7. 7. Banking Reforms<br />Changing in rate SLR and CRR<br />Entry of Public and Private Sector in capital market<br />Operational Flexibility<br />Relaxation in Licensing of Private Bank<br />Improve standard of supervision , audit and technology<br />Interest rate deregulation and financial repression.<br />
  8. 8. Industrial Reform<br />Industrial licensing<br />Foreign Technology<br />MRTP limit<br />Technological Development<br />Development of small scale industries<br />Right of Labor<br />Foreign Investment<br />Self reliance<br />
  9. 9. The Next Generation Reforms<br />Political Reforms for Good Governance<br />Re-engineering the Role of the government<br />Administrative and Legal Reforms<br />Strategic Management of the Economy with a focus on knowledgebase<br />Fiscal Prudence<br />Agricultural Sector Reforms<br />Industrial Restructuring<br />Labour Sector Reforms<br />Foreign Trade and Outward Investment Policies<br />Financial Sector Reforms<br />
  10. 10. Significant Consequences<br />Higher rate of growth<br />Rapid growth of secondary and tertiary Sectors<br />Increase in Export and Imports<br />Improved Balance of Payments<br />Rise in value of Rupee <br />Less reliance on foreign borrowings<br />Overall development of Indian economy<br />
  11. 11. Various Sectors Affected<br />
  12. 12. Growth Rate<br />
  13. 13. Sector Wise Growth Rate<br />
  14. 14. Indicators Of External Sector<br />
  15. 15. Balance Of Payment<br />
  16. 16. WPI Inflation Rate<br />
  17. 17. Foreign Exchange Reserves<br />
  18. 18. Macro economic Indicators<br />
  19. 19. C.R.R<br />
  20. 20. Bank Rate<br />
  21. 21. Conclusion<br /><ul><li>Reforms have put the Indian economy on a higher growth path.
  22. 22. Equally important to resolve the immediate liquidity problem.
  23. 23. To restore the economy on the path of rapid and healthy economic growth.</li></li></ul><li>Bibliography<br />Ministry Of finance<br />Vikalpa- The Journal for Decision Makers<br />Books Referred;<br />Indian economy reforms Since 1990<br />Indian economy since 1945<br />Indian Economy<br />Indian Economic crises<br />Role of Manmohansingh in Economic reforms<br />www.Wikipidia.com<br />www.Google.com<br />www.planningcommision.gov.in<br />www.rbi.org.in<br />www.slideshare.com<br />www.sribd.com<br />
  24. 24. Thank you<br />

×