REFORMS AND ECONOMY

India started its journey of development ever since getting its independence from the britishers in 1947. Political and economic conditions at the time of independence of ours were quite different than what it is now. Getting opted for socialistic pattern of development which was later initiated and developed through the nationalization of Financial Institutions like banks and insurance among others.

The scenario changed after 1991 when India adopted for the liberalization, privatization and globalization keeping in tune with the economics of the world. The reforms that took place at that time are now leading our economy towards betterment of all and keeping in tune with the time the country is witnessing high level of growth. We can see that the reformative measures are really critical to boost  the economies of the world.

Advocate Ranjeet Singh