Modern Style
9. ECONOMIC POLICY
OF INDIA SINCE 1991
Borcelle
, Main Objective of the Economic Policy of 1991:
1) To plunge the Indian economy into the arena of Globalisation.
2) To bring down the rate of inflation
3) To correct the discquilibrium in the balance of payments.
4) To acquire higher economic growth rate.
5) To build sufficient foreign exchange reserves.
6) To achieve economic stabilisation and reduce fiscal deficit.
7) To establish international trade relations for free flow of goods
without any restrictions.
8) To increase the participation of private sector.
, Features of the Economic Policy of 1991
1) Delicensing
2) Abolition of Monopolies and Restrictive Trade Practices
(MRTP) Act
3) Encouragement to small sector
Know Your Income
4) Encouraging foreign investment
5) Reducing role of Public sector
6) Trade Liberalisation
7) Reforms in Insurance Sector
8) Reforms in financial sector
9. ECONOMIC POLICY
OF INDIA SINCE 1991
Borcelle
, Main Objective of the Economic Policy of 1991:
1) To plunge the Indian economy into the arena of Globalisation.
2) To bring down the rate of inflation
3) To correct the discquilibrium in the balance of payments.
4) To acquire higher economic growth rate.
5) To build sufficient foreign exchange reserves.
6) To achieve economic stabilisation and reduce fiscal deficit.
7) To establish international trade relations for free flow of goods
without any restrictions.
8) To increase the participation of private sector.
, Features of the Economic Policy of 1991
1) Delicensing
2) Abolition of Monopolies and Restrictive Trade Practices
(MRTP) Act
3) Encouragement to small sector
Know Your Income
4) Encouraging foreign investment
5) Reducing role of Public sector
6) Trade Liberalisation
7) Reforms in Insurance Sector
8) Reforms in financial sector
