Parul Institutes of Management & Research

Topic : - Reforms : Good , Bad & Ugly Sub.:- EFM Guided by : - Prof. Ranjinder KaurPrepared by :- Roll no.Khushbu Patel 40Kalpan Patel 41 Section :- C

• The Govt. of India started the economic liberalization policy in 1991.

• Post 1991 , A major restructuring has taken place with the emergence of more technologically advanced segments among industrial companies.

Reforms

• “The growing interdependence of countries worldwide through increasing volume and variety of cross border transactions in G & S and of international capital flows and also through the more rapid and wide spread diffusion of technology “

Technological advancement Higher standard of living Increasing the purchasing power Exports increase “Made in India” become a brand name Education sector

GOOD EFFECTS

Cont.

Free flow of capital Flow of capital along with the technology Spread out the manufacturing facilities Balanced development of world Economy Low prices with high quality

GOOD EFFECTS

Cont.

Increase in welfare and ProsperityBalanced Human DevelopmentIncrease in employment and IncomeCultural exchange demand for variety of products.

National sovereignty at stake leads to commercial and Political Colonialism transfers of natural resources widening gap between rich and poor. Decline in demand for domestic products

BAD EFFECTS

fail to obey the labor laws Social inequality

agricultural sector farmer’s suicide rate Kills the domestic business Exploits the Human Resources Leads to unemployment & underemployment

UGLY EFFECTS