ICSE Class 9 Economics | 6. Major Reforms and Emerging Trends in the Indian Economy by Pavan | Learn Smarter
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6. Major Reforms and Emerging Trends in the Indian Economy

India's economy has experienced significant transformation since the early 1990s due to liberalisation, privatisation, and globalisation reforms. Concurrently, emerging trends such as advancements in technology, a burgeoning service sector, and a culture of entrepreneurship are shaping the future. However, challenges such as the digital divide, skill gaps, and environmental concerns remain critical as the country aims for sustainable growth.

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Sections

  • 6

    Major Reforms And Emerging Trends In The Indian Economy

    India's economy has experienced significant changes through major reforms since the early 1990s, alongside emerging trends shaped by technology and global integration.

    Learning Practice

  • 6.1

    Introduction

    India has undergone significant economic reforms since the early 1990s, aimed at modernizing its economy and increasing efficiency.

    Learning Practice

  • 6.2

    Major Economic Reforms In India

    This section discusses the major economic reforms in India initiated in 1991, focusing on Liberalisation, Privatisation, and Globalisation (LPG).

    Learning Practice

  • 6.2.1

    Liberalisation

    Liberalisation refers to the policies that reduce government control over industries and promote private enterprise in India.

    Learning Practice

  • 6.2.2

    Privatisation

    Privatisation in India involves the transfer of ownership from the public sector to the private sector, primarily through methods like disinvestment and public-private partnerships.

    Learning Practice

  • 6.2.3

    Globalisation

    Globalisation involves integrating the Indian economy with global markets through open trade and investment, attracting multinational companies.

    Learning Practice

  • 6.3

    Emerging Trends In The Indian Economy

    The Indian economy is experiencing emerging trends driven by technological advancements, service sector growth, and sustainable development initiatives.

    Learning Practice

  • 6.3.1

    Growth Of The Service Sector

    The service sector in India has rapidly expanded, significantly contributing to GDP and employment.

    Learning Practice

  • 6.3.2

    Digital India And Technology

    This section discusses the initiatives under the Digital India campaign and the role of technology in enhancing governance, financial inclusion, and transparency.

    Learning Practice

  • 6.3.3

    Start-Up And Entrepreneurship Culture

    This section discusses the rise of the start-up and entrepreneurship culture in India driven by government initiatives and innovation.

    Learning Practice

  • 6.3.4

    Green And Sustainable Development

    This section outlines India's commitment to green and sustainable development, focusing on clean energy initiatives, carbon emission reduction, and eco-friendly practices.

    Learning Practice

  • 6.3.5

    Rural Development And Inclusion

    This section covers the importance of rural development schemes in bridging the rural-urban divide in India.

    Learning Practice

  • 6.4

    Challenges To Reforms And Emerging Trends

    This section outlines the key challenges facing India's economic reforms, including issues like the digital divide, skill gap, environmental concerns, and inequality.

    Learning Practice

  • 6.5

    Government Initiatives For Future Growth

    This section discusses various government initiatives aimed at promoting economic growth and self-reliance in India.

    Learning Practice

References

e9-6.pdf

Class Notes

Memorization

What we have learnt

  • The liberalisation, privati...
  • Emerging trends like digita...
  • Challenges such as inequali...

Final Test

Revision Tests