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Research Article

JCR. 2020; 7(19): 4841-4846


A STUDY OF INDIAN ECONOMY IN PRE AND POST REFORM PERIOD

Ms. Shailja Pandey, Prof. (Dr.) Vinay Joshi Chandniwala.

Abstract
This paper expects to analyse the Indian economy in the pre and post change periods. This paper attempts to break down how the monetary changes of 1991 in India have influenced the GDP development rate and how it has affected the commitment of a few financial and non-monetary elements towards GDP development rate assurance. To do this similar investigation some monetary elements and some non-financial variables are thought of and their impact on Gross Domestic Product (GDP) development rate (at factor cost) is dissected during the time of 1970-2011. The monetary elements considered are capital development rate, horticulture division development rate, send out development rate, import development rate, and non-financial elements are electric force utilization (Kwh per capita), neediness head tally proportion at $2 per day (PPP) (% populace). This paper utilizes normal least-square philosophy to look at pre and post change Indian economies. The examination in this paper shows that, during recent decades, the commitment of farming areas towards the GDP development rate has been very huge. Along these lines, this paper infers that the agribusiness development rate has been a significant patron and determinant of GDP development rate for the period 1970-2011. The likewise rural area is the most significant wellspring of occupation in India whenever combined with successful approaches then it can animate the development of Indian economy and furthermore help the government to manage issues like destitution and wellbeing status by making the greater part of the number of inhabitants in India, reliant on agribusiness for their business, happier. This paper inspects and clarifies how these distinctive financial and non-monetary components have impacted the GDP development rate in India since 1970 and accordingly attempts to clarify how unique monetary strategies can be channelized to advance monetary development.

Key words: GDP development rate, capital arrangement rate, horticulture part development rate, sends out development rate, import development rate, electric force utilization, and destitution head tally proportion.



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