Forwarded from Pib/Aakashwani/AIR/GovtSourcesNews for UPSC PSC Aspirants
💢Above Yojana articles can be read as newspaper to have a glimpse of our Economic tajectory-
👉right from LPG Reforms in 1990s (turning point in Indian Economy) to new millenium of liberalised #FDI in early 2000s.
👉Boost to IT sector with New Telecom Policy ; then the policy of disinvestmet and privatisation
👉Coming of The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 to address fiscal deficit
👉Along side, bad debts accumulated during economic resurgence following 1991 reforms, was supported through deregulation of interest rates and enactment of #SARFAESI Act, 2002
🔵These structural reforms strengthened the macro-economic foundation of Indian Economy for high growth period......
🟩Sustained momentum in domestic economic activity, improved corporate performance, a healthy investment climate, and favourable global liquidity conditions and interest rates resulted in substantial capital inflows to India from 2004-2008
👉right from LPG Reforms in 1990s (turning point in Indian Economy) to new millenium of liberalised #FDI in early 2000s.
👉Boost to IT sector with New Telecom Policy ; then the policy of disinvestmet and privatisation
👉Coming of The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 to address fiscal deficit
👉Along side, bad debts accumulated during economic resurgence following 1991 reforms, was supported through deregulation of interest rates and enactment of #SARFAESI Act, 2002
🔵These structural reforms strengthened the macro-economic foundation of Indian Economy for high growth period......
🟩Sustained momentum in domestic economic activity, improved corporate performance, a healthy investment climate, and favourable global liquidity conditions and interest rates resulted in substantial capital inflows to India from 2004-2008