( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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LIBERALIZATION AND ECONOMIC DEVELOPMENT IN INDIA

    1 Author(s):  SUVANT KUMAR VERMA

Vol -  7, Issue- 6 ,         Page(s) : 17 - 25  (2016 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

At the time of independence, there were many problems in front of Indian government like poverty, unemployment, fulfillment of basic needs of people and problem of untouchability etc. The Government of India had made many types of policies as a result, India was standing up step-by-step. Due to financial crisis in 1990, there was a severe problem of trade balance in Indian economy, rising unemployment and foreign reserve was going to be finish, then Narshimha Rao government adopted liberalization in 1991. As a result India has improved its status at global level

1. Goldar, B. N. (2003) Trade liberalization and manufacturing Employment: The Case of India, Employment Paper 2002/3,4, Geneva, International Labour Office.
2. GOI (2005b), Economic survey, 2005-2005; Government of India, Ministry of Finance, Economic division.
3. Overall trend in India`s foreign Trade in the Era of Pre and Post liberalization by Manish Kumar Prasad.
4. Ahluwalia, M. S. (2002), Economic Reforms in India since 1991: Has Gradualism Worked? Journal of Economic Perspectives.
5. Handbook of Statistics on Indian Economy, RBI.
6. Economic Development and Human Happiness, by Suvant Kumar Verma.
7. Book on Understanding Economics, Indian Economic Development and statistics by D. K. Sethi and Mrs. U. Andrews.

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