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Do you think it’s time for India to venture into third generation reforms? Explain and identify the broad contours of third generation reforms.

Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

5. Do you think it’s time for India to venture into third generation reforms? Explain and identify the broad contours of third generation reforms. (250 words)

Reference:  Hindustan Times

Why the question:

The article explains that it is time for third generation reforms in India.  

Key Demand of the question:

Explain and identify the broad contours of third generation reforms.

Directive:

Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.

Structure of the answer:

Introduction:

Start with what you understand by Third generation reforms.

Body:

Discuss and present brief background on first and second generation reforms and their understand major criticisms.

Identify the broad contours of third generation reforms such as significantly improving both the quality and scale of public services, enhancement of government’s own technocratic competence and implementation capacity, enhancement of investment levels, setting up growth-promoting governmental institutions while also incentivizing the private sector among others. In India’s development journey, two major policy departures in its approach to growth and development stand out. We are at a similar crossroads, and it is time to usher in a third generation of reforms.

Conclusion:

Conclude with way forward.