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HOW DO YOU ASSESS THE PERFORMANCE OF INDIAN ECONOMY DURING THE INITIAL YEARS OF GLOBALISATION SINCE 1991?
Indian economy had experienced major policy changes in early 1990s. [ The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more
efficient. With the onset of reforms to liberalize the Indian economy in July of 1991, a new chapter has dawned for India and her billion plus population. This period of economic transition has had a tremendous impact on the overall economic development of almost all major sectors of the economy, and its effects over the last decade can hardly be overlooked. Besides, it also marks the advent of the real integration of the Indian economy into the global economy. ]
Expert answered|patricktek|Points 27|
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Asked 6/3/2013 11:41:34 PM
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HOW DO YOU ASSESS THE PERFORMANCE OF INDIAN ECONOMY DURING THE INITIAL YEARS OF GLOBALIZATION SINCE 1991?
Weegy: Globalization is a difficult term to define because it has come to mean so many things. [ In general, globalization refers to the trend toward countries joining together economically, through education, society and politics, and viewing themselves not only through their national identity but also as part of the world as a whole. Globalization is said to bring people of all nations closer together, especially through a common medium like the economy or the Internet. ] (More)
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Asked 6/3/2013 11:36:56 PM
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DISCUSS THE DIRECTIVE PRINCIPLES OF STATE POLICIES.Discuss the fundamental rights guaranteed by the Indian Constitution. How are they different ?
Weegy: The Directive Principles of State Policy are guidelines to the central and state governments of India, to be kept in mind while framing laws and policies. [ These provisions, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles laid down therein are considered fundamental in the governance of the country, making it the duty of the State[1] to apply these principles in making laws to establish a just society in the country. " Fundamental Rights" The Fundamental Rights, Directive Principles of State Policy and Fundamental Duties are sections of the Constitution of India that prescribe the fundamental obligations of the State to its citizens and the duties of the citizens to the State.[note 1] These sections comprise a constitutional bill of rights for government policy-making and the behaviour and conduct of citizens. These sections are considered vital elements of the constitution, which was developed between 1947 and 1949 by the Constituent Assembly of India. The Fundamental Rights are defined as the basic human rights of all citizens. These rights, defined in Part III of the Constitution, apply irrespective of race, place of birth, religion, caste, creed or sex. They are enforceable by the courts, subject to specific restrictions. The Directive Principles of State Policy are guidelines for the framing of laws by the government. These provisions, set out in Part IV of the Constitution, are not enforceable by the courts, but the principles on which they are based are fundamental guidelines for governance that the State is expected to apply in framing and passing laws. The Fundamental Duties are defined as the moral obligations of all citizens to help promote a spirit of patriotism and to uphold the unity of India. These duties, set out in Part IV–A of the Constitution (under a constitutional amendment) concern individuals and the nation. ] (More)
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