Unit-4 Planning, Governance and Institutions

This unit outlines the growth performance in each plan, the shifts in plan priorities and strategies, and the shifts in major economic policies leading to the present regime of economic reforms with a central place to market induced investment and growth.

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Briefly state changes in public sector policy as a part of economic reforms.

What were the major changes in Industrial Policy 1991, as a part of economic reforms?

Which was the Plan that set ‘employment for all’ as the objective to be achieved by 2002? What was the perceived need for focusing on it?

What is the Central Vision of the Eleventh Plan?

What was the basic strategy of Second Five Year Plan?

What was the nature of crisis faced by India in mid-1960s? And what was its impact on Planning?

Which is the period of ‘Hindu growth rate’ and why is it called so?

Which is the period when the need for balance between export promotion and import substitution was felt and adopted as trade policy? What was the basis for this measure?

What were the causes for the rise and perpetuation of ‘black economy’ in the Indian economy?

What were the recommendations of Chakravarthy Committee for non-inflationary financing of plans?

What were the major recommendations of Narasimham Committee (1991)?

What is meant by ‘structural adjustment’?

What were the immediate steps taken by the Government to overcome the economic crisis in 1991?

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What were the immediate steps taken by the Government to overcome the economic crisis in 1991?

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Learning Pundits Content Team
Written on Jun 26, 2019 2:49:17 PM

The immediate steps towards overcoming the economic crisis included devaluation of rupee by 22%, liberalisation of trade policy and measures to control fiscal deficit by cutting down public expenditure.

A series of liberalisation, privatisation and globalisation (LPG) measures followed. The Government justified these measures as needed for achieving:

(i) increased efficiency and competitiveness of industrial production,

(ii) much greater utilisation of foreign investment and technology than in the past, (iii) improved performance of public sector and

(iv) for modernising the financial sector.

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Unit-4 Planning, Governance and Institutions

What were the immediate steps taken by the Government to overcome the economic crisis in 1991?

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Written on Jun 26, 2019 2:49:17 PM

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Unit-4 Planning, Governance and Institutions

What were the immediate steps taken by the Government to overcome the economic crisis in 1991?

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