What are the major policies implemented in India for economic growth

Provide a brief insight into the major policies that India implemented in the past for economic growth and its impact on the Indian economy.
India has implemented several major policies for economic growth, which have had a significant impact on the Indian economy. Here are some of the key policies: 1. Liberalization: In 1991, India embarked on a path of economic liberalization, deregulation, and opening up of the economy to foreign investments. This policy aimed at reducing government control and increasing market-oriented policies. 2. Privatization: Another important policy was the privatization of state-owned enterprises. This allowed for private sector participation in various industries and improved efficiency in sectors like telecommunications and aviation. 3. Foreign Direct Investment (FDI): India has gradually liberalized its FDI policies, inviting foreign investments in sectors such as manufacturing, retail, and services. This has attracted investment, technology transfers, and created employment opportunities. 4. Goods and Services Tax (GST): The GST, implemented in 2017, aimed to simplify the tax structure and create a common national market, reducing logistics costs and improving efficiency. 5. Make in India: Launched in 2014, this policy aimed to promote manufacturing in India, attract foreign investment, and create jobs. These policies have helped in boosting economic growth, attracting investments, improving efficiency, and fostering innovation in various sectors of the Indian economy.
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