ML16/Rao forGS3: Rao’s Economic Reforms, Impact of Liberalization & industrial Policy

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- It’s easy to remember Rao’s economic reform by focusing on what he did to all 6 pillars of economy viz. banking, budget, BoP, Sectors of economy, infra and HRD.
- Whatever he couldn’t do, can be quoted as limitation or 2nd generation LPG reforms.
- Why couldn’t Rao generate “Good” jobs within formal sector, why couldn’t he develop manufacturing sector and had to jump directly from agri to service sector?

- Faculty Name: You know who
- Powerpoint available at http://Mrunal.org/download goto Mediafire folder - "Powerpoint" -"Mains Revision"
- Exam-Utility: UPSC IAS IPS Civil service exam, Mains General Studies paper 1, Staff selection (SSC) and other State services exams with economy or Post-Independent India in its syllabus