Author name: Varsha Verma

The economic reforms initiated in 1991, termed as ‘First Generation Reforms,’ have set the foundation for economic development. While achieving macroeconomic stability, controlling inflation, and increasing foreign exchange reserves, certain challenges persist. The ‘Second Generation Reforms,’ geared towards development, encompass the following measures: Corrective Policies for Farmers: Targeting small, marginal, middle, and large farmers facing […]

The policy of Liberalization, Privatization, and Globalization (LPG) in India, while marked by notable successes, has also encountered substantial challenges and failures. Key challenges include: Agricultural Crisis: The agricultural sector has witnessed a slowdown in growth, leading to rural distress and crises in various regions. Crippling debt, low farm incomes, and reduced credit availability have