The Historicity of the Bhartiya Economic Reforms in the post 190-91 era

Abstract

The paper of this nature is a challenging academic exercise as it delivers a narratives on the most significant but the most commonly known structural economic reforms in the Indian economy in 1990-91. The lingo of Liberalisation, Privatization and Globalization as being a Bhartiya response to the Global torrents of Convergence, amalgamation and Interdependence have been both enumerated and discussed in the argumentative and history imbued narrative in the present paper. The [paper further highlights the initiative and pioneer decision taken up by Prime Minister Manmohan Singh in the face of an Indian economic crisis. The paper too draws an interregnum between the classical economic reforms of 1990-91, Modi led GST decisions and demonetization, sthus drawing out and eking a framework for the Indian economic reforms across Governments and ideologies.