Indian Economic Development

Liberalisation, Privatisation and Globalisation: An Appraisal

Question:

Why has the industrial sector performed poorly in the reform period?

Answer:

The post-reform period shows that industrial growth has slowed down. This was due to:
(a) Globalisation created conditions for free movement of goods and services from foreign countries. It adversely affected the local industries and employment in developing countries.
(b) Globalisation led to decrease in demand for domestic industrial products due to cheaper imports.
(c) There was inadequate investment in infrastructural facilities such as power supply.
(d) A development country like India still does not have the access to markets of developed countries due to high non-tariff barriers.

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Liberalisation, Privatisation and Globalisation: An Appraisal

Q 1.

Why has the industrial sector performed poorly in the reform period?

Q 2.

What are the major factors responsible for the high growth of the service sector?

Q 3.

Discuss economic reforms in India in the light of social justice and welfare.

Q 4.

Distinguish between the following:
(i) Strategic and Minority sale

Q 5.

Why were reforms introduced in India?

Q 6.

India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?

Q 7.

What is the meaning of quantitative restrictions?

Q 8.

Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?

Q 9.

Agriculture sector appears to be adversely affected by the reform process. Why?

Q 10.

Do you think outsourcing is good for India? Why are developed countries opposing it?

Q 11.

What is the most important function of RBI?

Q 12.

Why are tariffs imposed?

Q 13.

How was RBI controlling the commercial banks?

Q 14.

What do you understand by devaluation of rupee?

Q 15.

How many countries are members of the WTO?

Q 16.

Do you think the navratna pdlicy of the government helps in improving the performance of public sector undertakings in India? How?