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economic reform in India

Success of Economic Reform in India

Introduction Economic reforms in India represent one of the most significant turning points in the nation’s history since independence. Initiated in 1991 under the leadership of then Prime Minister P. V. Narasimha Rao and Finance Minister Dr. Manmohan Singh, these reforms marked the transition from a protectionist, state-dominated economy toward a liberalized, market-oriented system. The…

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MSMEs in Economic Growth

Role of MSMEs in India’s Economic Growth

Introduction Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in India’s economic landscape. Often referred to as the backbone of the Indian economy, MSMEs contribute significantly to GDP, employment generation, export promotion, and regional development. These enterprises act as a bridge between large industries and the grassroots economy, promoting entrepreneurship, innovation, and inclusive…

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