Indian Economic Policy Reforms since 90's

Economic Reforms since 90’s : 

Economic Reforms since 90’s By, Parth Purohit-Durva Shastri

Agenda : 

Agenda Introduction Major Causes Role Of Manmohan Singh Major economic reforms Significant Consequences Various Sectors Affected Conclusion

Introduction : 

Introduction The term ‘economic reforms’ refers to policy reforms undertaken by the central govt. since 1990 to attain certain significant achievements through the main approaches which are as follows: Stabilization Restructuring Globalization

Major Causes : 

Major Causes Increase in fiscal deficit Deficit in Balance of Payment External Borrowings Mounting Inflation Rate Failure of the public sector Industrial licensing policies Gulf Crisis

Role Of Manmohan Singh : 

Role Of Manmohan Singh Wide ranging tax reforms Containment of defence equipment Cuts in fertilizers Inward oriented trade policy Exchange rate devalued

Major Economic Reforms : 

Major Economic Reforms Fiscal Reforms: Reducing the Fiscal Deficit Banking Sector Import Licensing Export Orientation Tax Reforms Direct Tax Indirect Tax Resource Generation through Divestment Structural Economic Reforms Reorientation of Planning

Banking Reforms : 

Banking Reforms Changing in rate SLR and CRR Entry of Public and Private Sector in capital market Operational Flexibility Relaxation in Licensing of Private Bank Improve standard of supervision , audit and technology Interest rate deregulation and financial repression.

Industrial Reform : 

Industrial Reform Industrial licensing Foreign Technology MRTP limit Technological Development Development of small scale industries Right of Labor Foreign Investment Self reliance

The Next Generation Reforms : 

The Next Generation Reforms Political Reforms for Good Governance Re-engineering the Role of the government Administrative and Legal Reforms Strategic Management of the Economy with a focus on knowledgebase Fiscal Prudence Agricultural Sector Reforms Industrial Restructuring Labour Sector Reforms Foreign Trade and Outward Investment Policies Financial Sector Reforms

Significant Consequences : 

Significant Consequences Higher rate of growth Rapid growth of secondary and tertiary Sectors Increase in Export and Imports Improved Balance of Payments Rise in value of Rupee Less reliance on foreign borrowings Overall development of Indian economy

Various Sectors Affected : 

Various Sectors Affected

Growth Rate : 

Growth Rate

Sector Wise Growth Rate : 

Sector Wise Growth Rate

Indicators Of External Sector : 

Indicators Of External Sector

Balance Of Payment : 

Balance Of Payment

WPI Inflation Rate : 

WPI Inflation Rate

Foreign Exchange Reserves : 

Foreign Exchange Reserves

Macro economic Indicators : 

Macro economic Indicators

C.R.R : 

C.R.R

Bank Rate : 

Bank Rate

Conclusion : 

Conclusion Reforms have put the Indian economy on a higher growth path. Equally important to resolve the immediate liquidity problem. To restore the economy on the path of rapid and healthy economic growth.

Bibliography : 

Bibliography Ministry Of finance Vikalpa- The Journal for Decision Makers Books Referred; Indian economy reforms Since 1990 Indian economy since 1945 Indian Economy Indian Economic crises Role of Manmohan singh in Economic reforms www.Wikipidia.com www.Google.com www.planningcommision.gov.in www.rbi.org.in www.slideshare.com www.sribd.com

Thank you : 

Thank you