In this article we will discuss about the arguments in favor and against of new economic policy. Arguments in Favor of New Economic Policy: The New Economic Policy introduced by the Government of India since 1991 has been subjected to some arguments in its favour. Following are some of the arguments in favor of such […]
New Economic Policy (Arguments)
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Mexican-Type of Economic Crisis in India
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Mexico had to face a severe economic crisis in recent years due to its huge external current account deficit, was of the order of 8 per cent of GDP which made it vulnerable to changing international investment. Moreover, Mexico had its economic boom from pure borrowings and not through national savings which went on the […]
Economic Reforms in India
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The Indian economy will grow at a steady pace if economic reforms package is taken to its logical conclusion. What is required, as of now is the broadening and extension of the economic reform process to other ministries, public sector enterprises, State Government and the village or panchayat level for the benefits of the reforms […]