Commerce Exam > Commerce Videos > Economics Class 12 > Indian Economy During Reforms
Indian Economy During Reforms Video Lecture | Economics Class 12 - Commerce
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FAQs on Indian Economy During Reforms Video Lecture - Economics Class 12 - Commerce
| 1. How did the Indian economy change during the reforms? |  |
Ans. The Indian economy underwent significant changes during the reforms period, including liberalization, privatization, and globalization. These changes aimed to open up the economy, reduce government control, attract foreign investment, and promote economic growth.
| 2. What were the main objectives of the economic reforms in India? | |
Ans. The main objectives of the economic reforms in India were to boost economic growth, improve efficiency, enhance global competitiveness, attract foreign investment, and reduce poverty through job creation and income generation.
| 3. How did the reforms impact different sectors of the Indian economy? | |
Ans. The reforms had varying impacts on different sectors of the Indian economy. Some sectors, such as information technology, saw rapid growth and development, while others, like agriculture, faced challenges due to increased competition and reduced government support.
| 4. What role did foreign investment play in the Indian economy during the reforms? | |
Ans. Foreign investment played a crucial role in the Indian economy during the reforms period. It helped improve technology transfer, boost infrastructure development, create jobs, increase exports, and strengthen India's position in the global market.
| 5. What challenges did the Indian economy face during the reforms period? | |
Ans. The Indian economy faced several challenges during the reforms period, including fiscal deficits, inflation, unemployment, poverty, infrastructure bottlenecks, and income inequality. These challenges required policy interventions and structural reforms to address effectively.
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Dec 24, 2024 Last updated |
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