DR. RAM MANOHAR LOHIA NATIONAL LAW UNIVERSITY LUCKNOW(U.P.) 2015-16 ECONOMICS Public Expenditure on Social Services Pre and Post 1991 . Submitted to:- Submitted by:-Ms. Mithali Tiwari Trivendra Kumar SinghAssistant Professor(ECONOMICS)R.no.=152 Sec-BFaculty Member B.A.LL.B(Hons.) 2nd Semester Teachers sign:- Students sign:- 1. Introduction2. Aim and objective3. Research methodology4. Hypothesis5. Bibliography

IntroductionThis preliminary and partial assessment of India's orthodox reforms initiated in mid-1 991 shows a mixed outcome so far: overcoming the liquidity crisis, the economy has broadly got back to the growth charted in 1980s, with a modest yet statistically significant slower growth of the secondary sector. The investment-GDP ratio has improved, however, with unfavourable compositional changes; social sector spending has been maintained as allocations for defence and economic services were cut. The fiscal correction has been mainly due to a reduction in public investment and expenditure. Industrial recovery is partial and uneven; and public sector output and profitability improved despite the policy shocks, though their sustainability seem suspect.

Aim and objectiveThis project aims to track the public expenditure in the social sectors before and after 1990/91, when the Economic Reforms took place.

Research questionWhether after the economic reforms in 1991 government in the name of cutting excessive expenditure , have cut down spendings on social servies

HypothesisIndia recorded strong economic growth during 19802000, especially during the 1990s, a decade known for noteworthy structural economic reforms. This period also recorded declines in the incidence of poverty, and improvements in such parameters of human development as levels of literacy, health, and nutrition. Broad-based development policies focused on enhanced and targeted public investment in programmes that facilitated improvements in the quality of life of the masses.

BIBLIOGRAPHY1. http://www.igidr.ac.in/2. http://www.odi.org/3. Economic Reforms in India since 1991: Has Gradualism Worked? by Montek S. Ahluwalia[footnoteRef:1]* [1: * Montek S. Ahluwalia is at present Deputy Chairman, Planning Commission, Government of India. Prior to this, he was working as Director, Independent Evaluation Office International Monetary Fund, Washington, D.C. Prior to July 2001 he served in the Government of India as Member Planning Commission and before that as Finance Secretary in the Ministry of Finance. The article has been published in Journal of Economic Perspectives, Summer 2002.]