Economic Policies of India

Right Economic policies at the right time ,adapted by Indian Government .The government of India from time to time has taken up various policies to solve the economic Issues. The economic problems can be classified under many heads like unemployment , agricultural issues, industrial problems, etc. To eradicate these problems various policies were adopted at different times. The most people in India complain for not being able to get proper food. The reason is nothing but lack of income which had risen from unemployment and which is again connected with faulty agricultural system and industrial policies.

Unemployment has been an everlasting problem in India since per-Independence period. However, after the end of the British regime, the government of India took up various policies to eradicate the problem of unemployment. Of the some famous policies, Jawahar Roz gar Yojana (JRY) is one. During the Seventh Five Year Plan period, this scheme was launched. Its main objective was to create employment among the under employed and unemployed population of the villages. In rural areas, the standard of living is quite low. This plan aimed at improving the quality of life of the village folks.

In 1993-94, Prime Minister’s Roz gar Janaya (PMRY) was launched to increase the employment opportunities in the urban centers. It was aimed to give employment to one million and more people. The procedure to generate employment was the setting up of seven lakh small enterprises. This was done during the Eight Five Year Plan.

In the field of industry, the biggest policy taken up by the Government of India was the Industrial Policy in 1991. It was done in order to liberalize the economy. Industrial licensing was abolished in this policy. However, certain industry still needed permit. Some of them were coal and lignite, petroleum, motor cars, industrial explosives, chemicals, etc. This was done in order to strengthen the competitiveness of the Indian industries. 

We are sure that Indian government is working hard on the policies, but the point is why it is only on papers? Rarely their implementation is done is such a way that the Indian people reap benefits of those policies. If really Indian government was taking much effort in drawing lines between failure and success; I am pretty sure that by now half of the population would have raised above the poverty line and we would have achieved much more than we expect. 

No wonder government is working hard on economic policies but it should device strategies to enable all sections of society economically satisfied. moreover india is having much of its population below poverty line. this must be our first priority that no person is below poverty line. at the same time it should keep balance with other sections of economics. 

The economic policies of India are improving over the years but are not be sufficient to tackle all the odds. indie should device economic policies taking middle class people into consideration so that these can come up. india should also concentrate on poorer section of society so that there is more even development. 

Economic policies of India are not meant for the middle class and poorer class of India. they are mostly designed keeping the upper class in mind.. most often not even keeping inflation in mind because it mere affects the upper class.