7. Briefly discuss the changes in Indian economy after 1991.

1.	7. Briefly discuss the changes in Indian economy after 1991.
Answer» Ans :- Post 1991, the liberalization has opened more for CORPORATE AND MNCs to rule the economy with huge price variation. More than 2.5 crores of employments were destroyed . But it was more because of the advanced technology and automation. A mixed economy had it been continued with infusion of technology and liberal market economy to allow more funds flow, things would have been different. People who are the real customers would have taken care of productions and consumption which are rolling stone of an economy. Now consumption is coming down and productions are not be absorbed in the absence of diminishing purchasing powers.

Answer»

Ans :- Post 1991, the liberalization has opened more for CORPORATE AND MNCs to rule the economy with huge price variation. More than 2.5 crores of employments were destroyed . But it was more because of the advanced technology and automation.

A mixed economy had it been continued with infusion of technology and liberal market economy to allow more funds flow, things would have been different. People who are the real customers would have taken care of productions and consumption which are rolling stone of an economy. Now consumption is coming down and productions are not be absorbed in the absence of diminishing purchasing powers.

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