No products in the cart.

Explain the changing role of state …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Explain the changing role of state in Indian economy since introduction of reforms
  • 1 answers

Gaurav Seth 5 years, 1 month ago

The changes that took place in the role of state since 1991 are as under:

  1. Before economic reforms, government had its share in all sectors of the economy. It was producing bread, butter, biscuits, milk, running hotels and many of these were actually not required to be in public sector. Government withdrew herself from these sectors through delicensing, deregulation and disinvestment.
  2. As a regulator, during 1947-1990, Government regulated all activities with the laws and acts. But after 1991, except some basic and strategic goods and services, decisions were made to be market driven. For this purpose, regulatory authorities were set up for different sectors.
  3. Since 1991, Government has focused its attention on development of social sector like education, health, defence, law and order.
https://examin8.com Test

Related Questions

What is receipt?
  • 0 answers
Explain the limitation of GDP as wellfare
  • 1 answers
Economic Reforms Since 1991 notes
  • 0 answers
Two types of marke diagram and explanation
  • 0 answers
What is deficit ?
  • 1 answers
Economics project on function of RBI
  • 0 answers
Trends in credit availability
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App