Economic Reforms & India's Five-Year Plans | Post-1991 to 12th Five-Year Plan Explained

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Dive into India's economic journey post-1991, starting with the economic reforms under the Rao-Manmohan model and the LPG (Liberalization, Privatization, Globalization) reforms. This video explores the macro-economic stabilization measures and the structural adjustment program (SAP) that changed India's economic framework forever.

Key highlights:

Understanding macroeconomic stabilization and structural adjustment programs.
The BOP Crisis (1991) and the role of devaluation in stabilizing Forex reserves.
Transition from Imperative to Indicative Planning during the 8th Five-Year Plan (1992-97).
Insights into the 8th to 12th Five-Year Plans, focusing on growth with human face, equity, and inclusive development.
Introduction of key reforms:
New Industrial Policy 1991
Competition Act 2002
FRBM Act 2003
National Agricultural Policy 2000
India's resilience during the 2008 global financial crisis and its impact on planning.
Challenges during the 12th Five-Year Plan: Policy paralysis, 2G spectrum scandal, and corruption issues.
Transition from the Planning Commission to NITI Aayog and its Vision Document aligned with SDGs.
Ideal for UPSC aspirants and those curious about India’s economic planning and reforms, this video bridges the gap between pre-reform era planning and the contemporary policy-making framework.
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