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New economic reforms are introduced for the observation that the industrial sector and public sectors can balance the economic growth. According to this study, the features of the new economic reform are discussed in different sectors. Based on this study, also discussed new reforms, roles, and benefits in the different sectors. On the other hand, different steps are involved in the reforms of economics that can impact the economic balance of the industrial sectors. This study also discusses the licensing policy of the liberalization of the economic reforms that can impact the public sector economic growth.
Discussion on New economic reforms 1991
The economic reforms of the industrial sector, as well as the public sector, were specially introduced in 1991. In this policy technology, manufacturing steps are removed and it can impact the economic background. Several features are involved in this reform process that is delicensing, disinvestments, liberalization of foreign policy, and foreign technology. Reforms also included in the globalization of the restriction in the import and export of the licensing and enhancing the economic background. De-reservation and deregulation also impact the industrial and other sectors’ economical part. The capital market also reforms the licensing policy that helps the extensive economical background.
Economic reforms can increase the competition and customers demand that can increase the industrial sector economically and enhance the financial part. It can invest in the recruitment of the public sectors and also permit the policy. These economic reforms can be introduced for the economic crisis in 1991 that can help to create different policies for the liberalization of the foreign policy.
Discussion on national economic policy 1991
According to the national economic policy, major objectives are low unemployment, low inflation, stable investment rate as well as exchange rate, on the other hand, the low government of the economic part. Various types of economic policies are included in the reforms system that is fiscal policy, monetary policy, exchange rate policy. These all policy tools can be used in the different economic situations of the industrial and public sectors. National economic policy depends on the unemployment of the country. The government can reduce unemployment; end the industrial sectors, and the public sectors that can help to increase the economic statement of the country.
This reform statement can impact the liberalization of foreign policies. The national economic policy also enhances the economic status of the different sectors and is implemented on the capital market. It also exceeds the exchange rate of the demand and increases the economic growth by the policy. Economic policies are influenced by better performance and the industrial and public sectors are also affected by this policy for their economic growth. These can impact economic growth as well as liberalization of foreign policies.
Features of new economic reforms
New economic reforms enhance the economical balance in the country. The new economic reforms produced many crucial impacts on the economic part positively. Several features also occurred in the economic reforms. These features are- De-reservation in the industrial sectors or other sectors, in the industrial sectors the economic background depends on the De-reservation. De-reservation and deregulation also impact the industrial and other sectors’ economical part. Dereservation can help the reduce reservation process in the public sectors as well as industrial sectors.
Industrial delicensing policy, this policy mainly secures licenses of industries. This policy has reduced the red-tapism of the industrial sector. On the other hand, opening the economy to foreign competition is another important feature of the new economic reform. These features can give the permission of FDI for foreign countries. Financial sectors reform the economical part and this features deregulation as the liberalization of the sector. The capital market also reforms the licensing policy that helps the extensive economical background. Reforms related to the public sectors can enhance the competition in different public sectors. It can invest in the recruitment of the public sectors and also permit the policy. Reforms of the economic background can impact the capital market mobility in Kerala.
Conclusion
According to this new reform economy, it is concluded that new reforms of the economy can impact the public sectors as well as industrial sectors. Reforms can help in the capital market economics that increase the financial background in the public sectors as well as the industrial sectors. On the other hand, it also concluded that reforms also liberalize investment in the industrial sectors that impact on the economic background. It also concluded that reforms can deregulate the liberalization of the sectors and provide the licensing of the policy. Based on this study, it also concluded that it can enhance the Kerala capital market and the economical balance. The new reform of the economy can change the investment style as well as the economical balance. it also concluded that these economic policies also can help the enhancing economic status of the different sectors.
