An Analytical Study of the Political Dimensions of Economic Reforms Policies in India

The paper attempts an analysis of the economic reforms initiated in India in the era of liberalisation, Privatisation and globalisation which began in the 1990s growth is an important tool for enhancing living conditions. Its reach and impact depend greatly on what is done with the fruits of growth. The relation between economic growth and advancement of living standards depends on many factors, including economic and social inequality in general, and no less importantly, on what the government does with the public revenue that is generated by economic growth. The importance of economic growth can be adequately understood only in this broader context. It is necessary to recognise the role of growth in facilitating development in the form of enriching human lives and enhancing freedoms. The growth possibilities of a country depend in turn on the advancement of human capabilities (through education, healthcare and other facilities), in which the state can play a very constructive part.