Economic Reforms India[1]

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ECONOMIC REFORMS IN INDIA: Impact on Business Dr. Sukumar Nandi Indian Institute of Management Lucknow Period 1947- 1990 The historical discontinuity after independence The Plan strategy    A nation building exercise The experiment with socialism  3/29/2012 Economic Reforms: Impact on Business_ S. Nandi 2 The Planning era  A Critical Assessment::     A rate of growth of average 3.2 per cent High population growth denies a significant dent on poverty A huge public sector
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  ECONOMIC REFORMS IN INDIA: Impacton Business Dr. Sukumar NandiIndian Institute of ManagementLucknow  3/29/2012Economic Reforms: Impact onBusiness_ S. Nandi 2 Period 1947- 1990  The historical discontinuity after independence  The Plan strategy   A nation building exercise  The experiment with socialism  3/29/2012Economic Reforms: Impact onBusiness_ S. Nandi 3 The Planning era   A Critical Assessment::    A rate of growth of average 3.2 per cent  High population growth denies a significant dent onpoverty   A huge public sector with minimum returns   A protective private sector  3/29/2012Economic Reforms: Impact onBusiness_ S. Nandi 4 Philosophy of Reforms  To free the economy from the circumspection of socialistequity in the form of pervasive state control onproduction, low productivity, a distorted and dis-functional price system and acomplacent over-protective private sector.  To establish the supremacy of individual and the role of economic freedom
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