DR.

RAM MANOHAR LOHIA

NATIONAL LAW
UNIVERSITY LUCKNOW(U.P.)

2015-16

ECONOMICS

Public

Expenditure

on

Social Services
Pre

and Post 1991

.
Submitted
Submitted by:-

to:-

Ms.

Mithali

Tiwari

Trivendra Kumar Singh

Assistant Professor(ECONOMICS)
Faculty

R.no.=152 Sec-B
Member

B.A.LL.B(Hons.) 2nd Semester

Teachers

sign:-

Students sign:-

1. Introduction
2. Aim and objective
3. Research methodology
4. Hypothesis
5. Bibliography

Introduction
This preliminary and partial assessment of India's orthodox reforms initiated in
mid-1 991 shows a mixed outcome so far: overcoming the liquidity crisis, the
economy has broadly got back to the growth charted in 1980s, with a modest yet
statistically significant slower growth of the secondary sector. The investmentGDP ratio has improved, however, with unfavourable compositional changes;
social sector spending has been maintained as allocations for defence and
economic services were cut. The fiscal correction has been mainly due to a
reduction in public investment and expenditure. Industrial recovery is partial and

uneven; and public sector output and profitability improved despite the
policy shocks, though their sustainability seem suspect.

Aim and objective

This project aims to track the public expenditure in the social sectors before and
after 1990/91, when the Economic Reforms took place.

Research question
Whether after the economic reforms in 1991 government in the name of cutting
excessive expenditure , have cut down spendings on social servies

Hypothesis
India recorded strong economic growth during 19802000, especially
during the 1990s, a decade known for noteworthy structural economic
reforms. This period also recorded declines in the incidence of poverty,
and improvements in such parameters of human development as levels
of literacy, health, and nutrition. Broad-based development policies
focused on enhanced and targeted public investment in programmes that
facilitated improvements in the quality of life of the masses.

BIBLIOGRAPHY

1. http://www.igidr.ac.in/
2. http://www.odi.org/
3. Economic Reforms in India since 1991: Has Gradualism Worked?
by Montek S. Ahluwalia*

** Montek S. Ahluwalia is at present Deputy Chairman, Planning Commission, Government of India.

Prior to this, he was working as Director, Independent Evaluation Office International Monetary Fund,
Washington, D.C. Prior to July 2001 he served in the Government of India as Member Planning
Commission and before that as Finance Secretary in the Ministry of Finance. The article has been
published in Journal of Economic Perspectives, Summer 2002.