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Economics Essay - Indian Economy

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Economics Essay on the Indian economy. Features a comparison of the Indian economy on a global scale.

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Economics Essay - Indian Economy
Topics this document covers:
Economy Economic liberalization International trade Economy of India Globalization Capital control Deregulation Microeconomic reform
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Topics this document covers:
Economy Economic liberalization International trade Economy of India Globalization Capital control Deregulation Microeconomic reform
Sample Text:
The nation’s former self-­‐reliant and socialistic policies have been downtrodden by new economic reform since 1991, popularly known as; the Liberalisation, Privatisation and Globalisation (LPG model). The reform was aimed at modernising the economy in a global context, through deregulation and easing limitations on capital inflows, establishing India as being one of the fastest growing and most globally competitive economies. Together, India’s move towards globalisation and the implementation of economic strategies for growth and development have enabled India to make its rapid progression towards the developed nations of the world. Although the overall impact of globalisation has been pos...
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