Descriptive English मतलब Bank Whizz
The Indian economy is still facing a number of challenges. However, the reforms that were implemented in the aftermath of the 1991 BoP crisis have helped to improve the economy and make it more competitive. The Indian economy is expected to continue to grow in the coming years.
Demographic transition brings forth the concept of a demographic dividend. As fertility rates decline and life expectancy increases, the proportion of the working-age population rises. India, with its large and youthful population, has the potential to leverage this dividend for economic growth. A larger workforce relative to dependents can lead to increased productivity, higher savings, and greater investments. Countries like China and South Korea have successfully utilized their demographic dividends to achieve rapid economic progress.
India experienced a balance of payments (BoP) crisis in 1991 due to a significant current account deficit, low foreign exchange reserves, and a high fiscal deficit. To resolve this crisis, the government implemented various structural reforms, which are discussed below.
Sure, here’s an outline for writing an answer to the given question on the structural reform measures taken in 1991 to end the Balance of Payments (BoP) crisis in India:
To answer the question “What were the structural Reform measures taken in 1991 to end BoP crises in India?”, you could follow the following structure:
Here are some descriptive questions based on the chapter of Poverty Alleviation and Employment Generation in ESI:
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Introduction: The Reserve Bank of India (RBI) conducts the Grade B exam every year for recruiting officers in its various departments. The Economic and Social Issues (ESI) section is an important part of the exam. The ESI section consists of Read More …