Economic Policies Of India

Y

Yuva

New Member
Right Economic policies at the right time ,adapted by Indian Government .The government of India from time to time has taken up various policies to solve the economic Issues. The economic problems can be classified under many heads like unemployment , agricultural issues, industrial problems, etc. To eradicate these problems various policies were adopted at different times. The most people in India complain for not being able to get proper food. The reason is nothing but lack of income which had risen from unemployment and which is again connected with faulty agricultural system and industrial policies.

Unemployment has been an everlasting problem in India since pre-Independence period. However, after the end of the British regime, the government of India took up various policies to eradicate the problem of unemployment. Of the some famous policies, Jawahar Rozgar Yojana (JRY) is one. During the Seventh Five Year Plan period, this scheme was launched. Its main objective was to create employment among the under employed and unemployed population of the villages. In rural areas, the standard of living is quite low. This plan aimed at improving the quality of life of the village folks.

In 1993-94, Prime Minister’s Rozgar Yojana (PMRY) was launched to increase the employment opportunities in the urban centers. It was aimed to give employment to one million and more people. The procedure to generate employment was the setting up of seven lakh small enterprises. This was done during the Eight Five Year Plan.

In the field of industry, the biggest policy taken up by the Government of India was the Industrial Policy in 1991. It was done in order to liberalize the economy. Industrial licensing was abolished in this policy. However, certain industry still needed permit. Some of them were coal and lignite, petroleum, motor cars, industrial explosives, chemicals, etc. This was done in order to strengthen the competitiveness of the Indian industries.
 
Last edited by a moderator:
Economic policies of India.

We are sure that Indian government is working hard on the policies, but the point is why it is only on papers? Rarely their implementation is done is such a way that the Indian people reap benefits of those policies. If really Indian government was taking much effort in drawing lines between failure and success; I am pretty sure that by now half of the population would have raised above the poverty line and we would have achieved much more than we expect.
 
no wonder government is working hard on economic policies but it should device strategies to enable all sections of society economically satisfied. moreover india is having much of its population below poverty line. this must be our first priority that no person is below poverty line. at the same time it should keep balance with other sections of economics.
 
the economic policies of india are improving over the years but are not be sufficient to tackle all the odds. india should device economic policies taking middle class people into consideration so that these can come up. india should also concentrate on poorer section of society so that there is more even development.
 
Certainly Indian Govt is working hard on economic policies. But they are concentrating mainly on Mumbai, Delhi, Hyderabad, Bangalore and other big cities of India. The majority of unemployment population is from small cities and towns. This results a lot of pressure in other industrial state. Govt need to revised their policies regarding those small cities and towns.

Regards
 
economic policies of India are not meant for the middle class and poorer class of india. they are mostly designed keeping the upper class in mind.. most often not even keeping inflation in mind because it mere affects the upper class. the ministers go on passing budgets and bills without taking a glance at reality.
 
As per the latest reports by national crime record bureau the digits of suicides by the debt ridden farmer in 2007 alone is closely 17,000. The suicide appears to be important in this globalization period. The causes lie in domestic as well as non domestic factors equally. One of the chief factors is raising debts. The non-domestic factors are throwing away Chinese cotton as well as textiles in to india’s market as well as competition from different other companies from abroad as well.
Regional imbalance in unemployment, development, malnutrition, under nutrition, poverty, etc are yet the main issues in India. The knowledge process outsourcing or KPO as well as business process outsourcing or BPO are assisting the English speaking and people who have the knowledge of computers. Whereas in rural places many people are illiterate and unskilled who’re struggling to search a daily job in the era of globalization has not been helping much to enhance the economic conditions of the people who live in these areas.
 
year 1991 will be remember as golden year in economic history of India. Delicensing of various industries and Globalisation helped india in attaining a level where it stands today. Now it is one of the fastest growing economy in the world and all thanks to the various economic reforms that the country undertook during the turbulent 90's.
 
Economic Policy of India

India has seen many adverse conditions from a long time and the government of India has been extremely supportive in solving the problems. The key to success was taking up a single issue at a time and solving it. India has had many problems and if the government would have tried solving all of these it would have been a problem and no issue could have been solved such wonderfully. The economic policy of India was to take up the challenges and also trying to solve them one by one. Issues like unemployment and agriculture and industrial problems as well. Many times it so happened that Indians did not have food for themselves. This was because of the low income of the people and the low revenues generated by the Indian government. Nothing could be done because India didn’t have the resources. Hence at that time the economic policy of India was to take up the strong point they had.

People in India had the land and the knowledge of agriculture well enough to earn and support the country. Taking this as the strength the country progressed. Then the employment opportunities where increased in this field. India also started exporting the agricultural products which they were good at and then collected revenues from the other countries. This contributed to the national income and the country progressed. The economic policy of India has faced many challenges and yet it has overcome them all. Helping the people build the economy of the country through the various strengths is something commendable. If we see India in the ancient times and compare it with the India of today we would know the advancements made in the each field. Indian has worked hard and the economic policies made were all very helpful and contributed to the growth of the economy.
 
India falls back on the issue of good Economic Policies. Though we are a young nation we need stronger Economic policies which can work the right way even in harsh conditions such as inflation. All the basic commodities such as food, home, oil, clothing should have well designed policies for them so that they are made available even in adverse condition.
 
According to me the economic policies made by the government are very weak when compared to the economic policies of other country. The government make policies keeping in mind their remuneration part and how much they can make out from the people's money. Government should make policies to control inflation and make policies based on the control on the price rise of food, petrol, diesel and other stuffs. But I don't think government is bothered about these things as such.
 
Government has made a few economic policies of the people and to develop the economic growth of the country. The priority of Indian Economy are many. In order to make sure, India delivers what is expected from its economy within the next decade, issues previously ignored such as water supply, transport facilities, health care and sanitation in the Rural as well as urban areas must be taken care of.
 
The economic policies of India cannot be termed as weak because they are of some good to the people. The problem is not with what these policies are capable of delivering, but the real problem lies in who is getting benefited from these policies. It is the upper class of people who get the benefits leaving alone the middle and lower classes.
 
A good economic policy is important for the development of any nation. However, India lacks in it and the policies made are not good which is in turn hampering the development and progress of the nation. Government should revise the policies and make it in a way that is capable of working even in adverse situations. The economic policies made should tackle the various issues that are adversely affecting the Indian Economy.
 
You must log in or register to reply here.
Back
Top