Economic Reforms and its Impact on Developing Countries - A Case of India

12 Pages Posted: 25 Mar 2008

See all articles by Syeedun Nisa

Syeedun Nisa

Jamia Hamdard; Jamia Hamdard (Deemed University)

Zaibun nisa

affiliation not provided to SSRN

Date Written: March 2008

Abstract

Globalization has affected the various economies of the World differently. However, globalization has Created inequalities in the developing countries of the world. IMF & WTO have mismanaged the process of privatization, liberalization and stabilization that many third world countries now are actually worse off than they were before. Various factors such as social set up, internal conditions, political stability/instability, formulation and proper implementation of policies etc. by the government greatly affect the economic development of a country.

India has become one of the fastest growing economies of the world. The growth of the economy has been very fast in the last 15 years or in other words after the introduction of economic reforms in 1991. Contributing to this acceleration is a broad series of reforms including financial sector reforms, increased globalization and widening and deepening of product and financial markets. But, these reforms could not contribute to the equal distribution of economic development in all the sections of society. The operational structure of Indian economy altogether changed as it has become more open for global perspective. In this paper, an attempt has been made to study the impact of economic reform which were introduced in 1991 for uplifting the Indian economy suffering from severe crisis at that time and to understand how they affected all the segments of Indian society.

Keywords: Economic Reform, Poverty Alleviation, Regional Disparity, Liberalization and Globalization

Suggested Citation

Nisa, Syeedun and Nisa, Syeedun and nisa, Zaibun, Economic Reforms and its Impact on Developing Countries - A Case of India (March 2008). Available at SSRN: https://ssrn.com/abstract=1112583 or http://dx.doi.org/10.2139/ssrn.1112583

Syeedun Nisa

Jamia Hamdard ( email )

Hamdard Nagar
New Delhi, 110062
India

Jamia Hamdard (Deemed University) ( email )

Hamdard Nagar
New Delhi, 110062

Zaibun Nisa (Contact Author)

affiliation not provided to SSRN

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