Indian Economy Post Globalization

Group IV

Babu Venkatesh (1403003), Anirudh Menon (1403001), Keerthi Kumar

Challa (1403011), Santhanam (1404004), Praveen.R (1403019)

Abstract

On July 24, 1991, India instituted a series of ongoing economic reform under the leadership of P.

V. Narasimha Rao, which is now known as the Economic Liberalization of 1991. The project

would compare the LPG (Liberalization, Privatization and Globalization) of the economy, what

Acts were passed to ally this economic reform, failure of execution of the plan laid by Narasinha

Rao in the consequent years by ruling government, exponential growth of capital markets, how

was the government running the economy from 1947 to 1991 and the next generation

international reforms that made India as one of the darling of international economy. The study

will also do sectorial comparison and global contribution of Indias GDP to the internal

economy.

Proposed Project Methodology:

Secondary data from government databases

Secondary data from research and economic forums

Newspaper and magazine articles

Interviews with economists including professional establishments

Proposed Learnings and Takeaways for the Team

Understanding the Market Structure Dynamics: Growth and Turbulence

Study secondary data of markets in India and assess the economic reforms laid by Govt

of India

Understand the economic growth model followed for liberalization of Indian economy in

1991

Reassure the technological restructuring, growth similarity with other countries, fluid

global capital markets, integration of technology based governance and adapting to global

economy to compete with the competitors

Assess impacts of Liberalization, Privatization and Globalization in 1991

Determine and consolidate the learning on outward economies and the theory for their

success

Assess the measures taken to increase productivity and employment

Assess the promotion of Foreign Direct investments as a mean to impart liberalization

and globalization of the Indian economy

__________________ XXXXXX

_______________________ XXXXXX

__________________