Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 82 views

    LPG Policy in India PDF

    Uploaded by

    Karan Veer Singh
    The document discusses India's LPG policy implementation in 1991 which involved liberalization, privatization, and globalization reforms. It introduced relaxing trade rules and regulations, allowing private and foreign investment, and making the economy more market-oriented. Sections describe the features and effects of liberalization, privatization, globalization, reasons for implementation, and conclusion on economic growth post-reforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    LPG Policy in India PDF

    Uploaded by

    Karan Veer Singh
    82 views10 pages
    The document discusses India's LPG policy implementation in 1991 which involved liberalization, privatization, and globalization reforms. It introduced relaxing trade rules and regulations, allowing private and foreign investment, and making the economy more market-oriented. Sections describe the features and effects of liberalization, privatization, globalization, reasons for implementation, and conclusion on economic growth post-reforms.

    Original Description:

    PPT

    Original Title

    LPG Policy in India PPT PDF

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses India's LPG policy implementation in 1991 which involved liberalization, privatization, and globalization reforms. It introduced relaxing trade rules and regulations, allowing private and foreign investment, and making the economy more market-oriented. Sections describe the features and effects of liberalization, privatization, globalization, reasons for implementation, and conclusion on economic growth post-reforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    82 views10 pages

    LPG Policy in India PDF

    Uploaded by

    Karan Veer Singh
    The document discusses India's LPG policy implementation in 1991 which involved liberalization, privatization, and globalization reforms. It introduced relaxing trade rules and regulations, allowing private and foreign investment, and making the economy more market-oriented. Sections describe the features and effects of liberalization, privatization, globalization, reasons for implementation, and conclusion on economic growth post-reforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 10

    LPG Policy

    Implementation in India

    Gassan Tariq
    Anwesha Sinha

    TO CREATOR'S
    WEBSITE
    Contents

    1.Introduction of LPG Policy


    2. Liberalization and its Features
    3. Privatization and its Features
    4. Globalization and its Features
    5. Reasons for implementation of LPG Policy
    6. Conclusion
    LPG reforms was introduced by
    prime minister P.V Narasimha Rao
    And Finance Minister Manmohan
    Singh in 1991 with the goal of making
    the Economy more market oriented
    and expanding the role of the Private
    1. Introduction and Foreign investment. LPG
    reforms are also known as
    of LPG Policy Liberalization, Privatization and
    Globalization reforms. They have
    transformed the way India as an
    Economy works and opened the
    country up to the world for trade and
    commerce.
    Liberalization is the process of relaxation of trade
    rules and regulations of a country by the
    government which paves the way for Economic
    growth and development.

    2. Liberalization 1) Abolition of license ‘Raj’ in the country.


    2) Inflow of foreign direct investment in the
    and its Features country.
    3) Removing monopoly of public sectors from
    various business areas of the Economy.
    4) Reduction in the rates of interest and tariffs.
    5) Improving the process of domestic production.
    Privatization refers to the process of
    transferring ownership or control of the
    government assets, firms and operations
    to private investors.

    1) Ownership of a government owned


    3. Privatization firms is given to private prospector(s).
    2) Reduces government interference.
    and its Features 3) Allows private entities to participate
    in Economic activities more
    democratically.
    4) Promotes Market Dynamism.
    5) Improves efficiency by acquiring an
    entity as a private man.
    Globalization enables the coming together of
    individuals, corporations and resources from
    different countries easily.

    1) Globalization has helped improve trade


    4. Globalization volumes between nations with minimal
    interference.
    and its Features 2) Helped increase employment.
    3) Improves and increase nature of
    relationships between nations.
    4) Helps in reducing production costs.
    5) Improves people of one nation with
    another cultures to better know the trade.
    1) India’s position as an Economy grew from
    bad to worse as the inflation rate grew from
    6.7% to 16.7%.
    5. Reasons for 2) There was rise in fiscal deficit of the
    country.
    implementation 3) Outbreak of the Iraq war lead to rise in
    petrol prices.
    of LPG Policy 4) India’s foreign reserves fell from 1990-
    1991.
    5) Poor performance of PSU’s became a
    substantial government liability.
    The reduction in taxes and the abolition of
    industrial licensing has helped increase the
    GDP after the reforms were introduced in
    6. Conclusion 1991. From a GDP rate as low as 1.1%,
    these reforms have increased it by 7.5%. With
    the help of which, employment rates have also
    been increased.
    Thank you!
    LPG Policy
    Implementation in India
    TO CREATOR'S
    WEBSITE

    Presentation made by Gassan Tariq and text and paragraphs were


    assisted by Anwesha Sinha.

    You might also like