GS-III: Effects of Liberalization On Indian Economy
What are the pros and cons of a strong Rupee? What can be done to strengthen the currency?
Over the past several months, there has been a steady decline in the Indian Rupee’s (INR) exchange rate relative to the US Dollar ($). Since the commencement of the conflict in Ukraine and the rise in crude oil prices, ..
Topics: GS-III: Indian Economy Issues Relating to Planning • GS-III: Effects of Liberalization On Indian Economy
Throw some light on the positive and negative impacts of globalization on developing countries like India.
Globalisation refers to the process of closer integration of countries across the world and free flow of goods, information and people such that it presents inter-connectedness, with events in one part affecting other parts and vice versa. It is incredibly ..
Topics: GS-I: Effects of Globalization On Indian Society • GS-III: Effects of Liberalization On Indian Economy
The new industrial policy, 1991 signalled a marked shift from the features of pre-1991 policies. Discuss.
The economic policies have been product of their times and new industrial policy 1991 was no different. Pre-1991 policies: Post independence state – Concerns of food insecurity. Absence of strong foundation of industry. Agriculture sector highly impoverished. Socialism with mix ..
Topics: GS-III: Effects of Liberalization On Indian Economy
The Digital monopolies are often accused of posing a threat to the fundamental fabric of market competition. In this context examine the effectiveness of the regulatory Framework in India to deal with digital monopolies.
The digital monopolies denote the collectivity of a few digital cooperation who have come to establish a global hegemony over the world’s digital space. E.g. Facebook, Microsoft, Amazon, Google, etc. Threat to market competition: Unfair use of market share – ..
Topics: GS-II: Government Policies and Interventions for Development in Various Sectors • GS-III: Effects of Liberalization On Indian Economy
It has been argued, that the time has come for India to usher in full liberalization of the capital account. Analyze.
Capital Account refers to a long-term account in the Balance of Payments Account. India currently has partial capital account convertibility. Capital Account convertibility has both positives and negatives. Benefits of Capital Account convertibility: Ease of inflow of FDIs and FPIs ..
Topics: GS-III: Indian Economy Issues Relating to Planning • GS-III: Effects of Liberalization On Indian Economy
Liberalisation of the Indian economy since 1991 has led to excessive consumerism and over-production of ‘white goods’. Elucidate.
At the end of the first phase of economic liberalisation 1991-2001, the result is economic growth and better availability of goods and services to consumers of India. The review of the phase shows that economic growth has been achieved and ..