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CONTEMPORARY INDIA PROJECT

AN ABSTRACT

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Shourya
Pratap Singh (2016A8PS0333P)

Topic – The
long transition of India’s economy

Relevance:

India has changed from a state-led economic development
model to one which is more market-friendly and pro-business through several reforms.
This paper introduces the basic features of first, second and third generation
reforms, the transformation of the economy since liberalization in 1991 and the
challenges to current Indian economy like job creation that still needs to be
tackled.

Thematic Index:

1.   
Nehruvian Socialist rate of
growth (1950s to 1979)

a.    
Centralized planning and five-year plans

b.   
Investments in agricultural economy

c.    
Low annual growth rate

2.   
1980 to 1990

a.    
Improved economic growth

b.   
Balance of payment crisis in 1990

3.   
Economic liberalization
(First Generation Reforms)

a.    
India as an economic power

b.   
Increase in foreign trade

c.    
More reliance on service sector

4.   
Second Generation Reforms

a.    
Income tax reforms

b.   
Changes in foreign exchange
act

5.   
Current Scenario (Third Generation Reforms)

a.    
Demonetization

b.   
GST

c.    
Capital easing norms for entrepreneurs 

d.   
Unemployment

6.   
Future Prospects

Sources:

* Books:

1.    
Kapila, Uma. Indian economy since independence. New
Delhi: Academic Foundation, 2016.

2.    
Das, Gurcharan. India unbound. New York:
Anchor Books, a division of Random House, Inc., 2012.

* Articles
and Editorials from newspapers on the Internet:

1.     K., Deepalakshmi. “Two years of
Modi government: a review.” The Hindu. May 25, 2016. Accesses January 29, 2018.
http://www.thehindu.com/news/national/two-years-of-modi-government-a-review/article14340383.ecel

2.     Venu, M.K. “Three Years of Modi
Management: The Numbers Don’t Tell a Good Story.” The Wire. May 27, 2017.
Accessed January 30,2018. https://thewire.in/140723/three-years-modi-government-numbers-dont-tell-good-story/.

All the sources used by us shall
be mentioned separately along with the required details in the Bibliography
section of the assignment.

Timeline:

Date

Work

1st Feb
2018 – 8th Feb 2018

Nehruvian Socialist
rate of growth

9th Feb
2018 – 15th Feb 2018

Indian economy before
liberalization

16th Feb
2018 – 28th Feb 2018

First Generation
Reforms

1st March
2018 – 8th March 2018

Second Generation
Reforms

9th March
2018 – 15th Feb 2018

Third Generation
Reforms

16th March
2018 – 20th Feb 2018

Challenges to current
Indian economy and its future

21st March
2018 – 25th March 2018

Editing and making minor additions

 

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