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Role of Pay Commission

Role of Pay Commission

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Published by deepankarrao
ECONOMY OF INDIA, & ROLE OF PAY COMMISSION IN WAGE FIXATION.
ECONOMY OF INDIA, & ROLE OF PAY COMMISSION IN WAGE FIXATION.

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Categories:Business/Law
Published by: deepankarrao on May 02, 2010
Copyright:Attribution Non-commercial

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12/02/2012

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³INSTITUTE OF BUSINESS ³INSTITUTE OF BUSINESS MANAGEMENMANAGEMEN
´´C.S.J.M.UNIVERSITY, KANPUR.C.S.J.M.UNIVERSITY, KANPUR.
 
ECONOMY OF INDIA
The post independence period of economy of Indiawas a litmus test for the economic planners.Having come out of the shadow of colonial rule,the nation had a huge challenge of undoing theexploitation of colonial era. The founding fathershad to use economic upliftment as a tool for nationbuilding. The economy then was backward innature.
India resorted to economic planning by the way offive year plans for economic development.
 
CRISIS IN THE ECONOMY 
y
The beginning of 1990·s, the Indian Economy wasunder great crisis and faced its stiffest challenge.India faced a serious balance of payment problem andforeign exchange reserves were at record low. That iswhen the government decided to alter the course ofthe Indian economy.

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