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LoginWhat had been the strategy adopted prior to 1991 by the government for the development of India (any four points)
Economy Secondary School in Economy 1 year ago
The strategy of reforms introduced in India in July 1991 presented a mixture of MACROECONOMIC stabilization and STRUCTURAL adjustment. It was guided by short-term and long-term OBJECTIVES. Stabilization was NECESSARY in the short run to restore balance of payments equilibrium and to control inflation. At the same time changing the structure of institutions themselves through reforms was equally important from long term point of view.The new government moved urgently to implement a programme of macroeconomic stabilization through fiscal correction. Besides this, structural reforms were initiated in the field of trade, industry and the public sector.
Posted on 21 Jul 2024, this text provides information on Economy related to Secondary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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