Topic: Post-independence consolidation and reorganization within the country.
2. The LPG reforms of 1991 played a significant role in transforming the Indian economy and fostering economic growth. While they achieved some of their intended objectives, there were also adverse consequences, including economic disparities, environmental concerns, and challenges for certain sectors of society. Critically examine. (250 words)
Difficulty level: Moderate
Reference: Insights on India , Insights on India
Why the question:
The question is part of the static syllabus of General studies paper – 1 and mentioned as part of Mission-2024 Secure timetable.
Key Demand of the question:
To write about achievements and limitations of LPG reforms in India.
Directive word:
Critically examine – When asked to ‘Examine’, we have to look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgment.
Structure of the answer:
Introduction:
Begin by giving context about the LPG reforms.
Body:
First, in detail write about the LPG and their major achievements – increase economic growth, attract foreign investment, and improve competitiveness. Cite statistic and examples to substantiate.
Next, write about the shortcomings of LPG reforms – increased inequality, dependency on foreign capital, limited benefits to agriculture, and environmental degradation etc. Cite statistic and examples to substantiate.
Conclusion:
Conclude by giving a balanced opinion on LPG reforms.
