What are the key differences between the Nehruvian model of economic planning and the economic reforms initiated in 1991?
In India, the minimum age to open a trading account and invest in the stock market is 18 years. Minors under 18 can invest in the stock market through a guardian-operated account until they reach the age of majority.
In India, the minimum age to open a trading account and invest in the stock market is 18 years. Minors under 18 can invest in the stock market through a guardian-operated account until they reach the age of majority.
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The Nehruvian model and the economic reforms of 1991 represent two distinct approaches to India's economic development. Here's a breakdown of their key differences: Nehruvian Model (Pre-1991): Focus: Import substitution industrialization (ISI) - building domestic industries to reduce reliance on impRead more
The Nehruvian model and the economic reforms of 1991 represent two distinct approaches to India’s economic development. Here’s a breakdown of their key differences:
Nehruvian Model (Pre-1991):
Economic Reforms (1991 onwards):
Here’s a table summarizing the key differences:
The reforms aimed to address the limitations of the Nehruvian model:
The reforms have had mixed results:
However, challenges remain:
In conclusion, the shift from the Nehruvian model to the 1991 reforms reflects a move towards a more market-oriented economy. While the reforms have led to growth, addressing inequality and rural development remain crucial for India’s economic future.