Explain the main objectives of new economic reforms and the planning strategy during eighth plan (1992-97).
The Eighth Five-Year Plan in India, spanning from 1992 to 1997, was a crucial period marked by significant economic reforms aimed at liberalizing the economy, fostering growth, and addressing various challenges prevalent at that time. The primary objectives of these new economic reforms and planning strategies were multifaceted and aimed at steering the nation towards sustainable development and inclusive growth.
1. Liberalization and Global Integration: One of the key objectives was to liberalize the Indian economy, reducing the restrictions on foreign trade and investments. This involved dismantling the License Raj, which had imposed stringent regulations on businesses for decades. By embracing liberalization, India aimed to integrate more effectively into the global economy, fostering international trade and investments.
2. Economic Stabilization: The plan focused on stabilizing the economy, particularly in terms of controlling inflation and fiscal deficits. This involved implementing measures to curb inflationary pressures and ensure stable prices for essential goods and services. Additionally, efforts were made to address the fiscal deficit by rationalizing government expenditures and enhancing revenue generation.
3. Infrastructure Development: The Eighth Plan emphasized
__________ ________ _________ ___ ______ ______ ____ ____ ___ ____ ________ ________.
______ _______ ________ __________ _______ ______ ____ __________ _______ __________ ___ ________.
__________ __________ __________ ____ ______ _______.
___ ___ ______ _______ _______.
___ ____ ____ _______ _______ ______ ______ _____ __________ _________ ______ _________.
________ _____ ____ __________ ________ __________ ______ ________ ______.
______ __________ ____ _______ ________ ____ ___.
__________ _____ __________ ______ ______ _______ __________ ____ ___.
__________ ___ ___ _______ _________ ___ _____ ____ _____ _____ _________ _____.
________ ______ __________ _______ _________ __________ __________ _________.
______ ______ _______ ____ ______ ____ __________ _________ _________ ______ _____.
____ ________ ______ _________ _________ _______ ______.
_____ ___ ___ __________ _________ __________ ___ ______ _________ ___ ___ _______.
____ _____ ___ _____ ________ ______ ____.
____ _________ ___ _____ ________ _________ ____ __________.
_______ _______ _______ __________ __________.
___ ______ _________ _____ _______ ____ ________ _______ ____.
_______ __________ _________ ________ _______ _________.
________ ___ ________ _________ ________ ____ _______ _________.
_____ _____ ___ ______ ________ _________ _____ __________ __________.
______ _____ ________ ___ _________ _____ ________ ________.
_______ ______ ______ __________ ________ ____ ____ __________ ____ _____.
___ ________ ______ ___ _______.
______ _______ __________ ___ ___ ___.
_________ __________ ______ _____ ______ _________ _____ ________ ____ ______.
__________ _________ __________ _______ ____ ____ ______ ____ __________.
_____ __________ _____ _____ ________ __________ ____.
____ _______ __________ _______ _________.
_____ ________ _________ ____ _________ __________ _____ ________ ___ ______ ___.
__________ _____ ______ ____ ________ ________ ____.
____ _____ ________ __________ ________ _____.
______ _________ ___ ____ _________ ________ _____ ______.
___ _____ ________ __________ ______ ____.
____ __________ _______ ____ ________.
_________ _________ ____ __________ _________ ___ __________ ______.
_________ _________ __________ _____ ___ _________.
______ __________ _____ ____ ___ _________ ______ _____ _______.
__________ ___ ____ ___ ____.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required