reforms of india advantages & disadvantages
TRANSCRIPT
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Parul Institutes of Management & Research
Topic : - Reforms : Good , Bad & Ugly Sub.:- EFM Guided by : - Prof. Ranjinder KaurPrepared by :- Roll no.Khushbu Patel 40Kalpan Patel 41 Section :- C
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• The Govt. of India started the economic liberalization policy in 1991.
• Post 1991 , A major restructuring has taken place with the emergence of more technologically advanced segments among industrial companies.
Reforms
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• “The growing interdependence of countries worldwide through increasing volume and variety of cross border transactions in G & S and of international capital flows and also through the more rapid and wide spread diffusion of technology “
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Technological advancement Higher standard of living Increasing the purchasing power Exports increase “Made in India” become a brand name Education sector
GOOD EFFECTS
Cont.
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Free flow of capital Flow of capital along with the technology Spread out the manufacturing facilities Balanced development of world Economy Low prices with high quality
GOOD EFFECTS
Cont.
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Increase in welfare and ProsperityBalanced Human DevelopmentIncrease in employment and IncomeCultural exchange demand for variety of products.
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National sovereignty at stake leads to commercial and Political Colonialism transfers of natural resources widening gap between rich and poor. Decline in demand for domestic products
BAD EFFECTS
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fail to obey the labor laws Social inequality
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agricultural sector farmer’s suicide rate Kills the domestic business Exploits the Human Resources Leads to unemployment & underemployment
UGLY EFFECTS