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The economic reforms undertaken by successive governments over the past fifteen years have led to significant advancements in various facets of our economy, as highlighted by the Economic Survey 2015-16. Key Achievements of Economic Reforms: 1.GDP Growth Uptick: Since the initiation of economic reforms in 1991, there has been a notable increase in the GDP […]

3.5.1 Meaning and Parameters of Globalisation Globalisation is the result of liberalisation and privatisation policies, signifying the integration of a country’s economy with the global economy. In India, globalisation gained momentum with the policy reforms of 1991. It involves growing economic interdependence concerning technology, capital, information, goods, and services. Globalisation has four parameters: 1.Reduction of