POLITICAL INFLUENCE ON ECONOMIC REFORMS IN INDIA

PRESENTED BY
GROUP-3 ARUN KUMAR PRAMOD KUMAR PRASHANT ARIF KHAN SANDEEP RAI BALJINDER SINGH

Index:
INTRODUCION
L ANALYSIS IMPLEMENTATION CONCLUSION QUERIES

INTRODUCTION-

India was a closed economy until 1991. The Indian currency (rupee)

nonconvertible and important licensing and high tariffs on imported goods restricted the entry of the foreign goods in to Indian market. Economic reforms proposed by the late Rajiv Gandhi in the late 1980s. Thats can be a pre-liberalization period of economic reforms. The economic reforms were given shaped by the late P.V. Narasimha Rao. In 1991 Mr. Rao appointed Dr. Manmohan Singh, an economist as finance minister. Rao initiated a gradual process of economic liberalization which open Indian economy to world wide with world wide.

Thats can help to devalued the rupee valued and made miner alteration in the license-permit-quota. Due to the some region congress lose the 1996 election. Then BJP take responsibility of Indian economy reforms. In 2004 elections congress- coalition government the united progressive alliance(UPA), with the slogan ECONOMIC REBORN WITH HUMAN FACE

Indian economy can be categorized three way 1) Pre-liberalization period 2) Liberalization 3) Post-libralization

 During 1991-92 the first year of Raos

reforms program, the Indian economy grew by 0.9% only. However the GDP growth accelerated to 5.3 % in 1992-93, and 6.2% 199394. A growth rate of above 8% was an achieved during the year 2003-04.

Indias GDP growth rate can be seen from the following graph since independence

India to become 3rd largest Economy by PPP in the world by 2012

PriceWaterhouseCoopers

Conclusion:
Economic reforms helped India economy, that means

valued of Indian currency increased. Economic reforms opened indian economy to global trade and investment. INDIAN ECONOMY follow gradual process. Its helped to encouraged domestic entrepreneurs. Indian economy followed GRADUAL PROCESS.