Shocks & Structural Reforms | Economic Survey | Vibhas Jha Sir | UPSC | NEXT IAS
In this Video, Vibhas Jha Sir discusses Shocks & Structural Reforms from Economic Survey 2022-23. Chapter - 2 INDIA’S MEDIUM-TERM GROWTH OUTLOOK: WITH OPTIMISM AND HOPE 👉https://youtube.com/live/wh0wIbsafSY?... Watch the entire video to gain a thorough understanding of the subject from the perspective of the UPSC Civil Services Examination. Product and Capital Market Reforms led to the Initiation of economic reforms: in 1999, Due to macroeconomic imbalances of the late 1980s and early 1990s. The reasons were the High combined deficit of central and state governments, Elevated inflationary pressure, and Large and unsustainable current account deficit (CAD). Another response was: LPG (Liberalization, Privatization, Globalization). Trade and investments were liberalized. Import licensing on almost all intermediate inputs and capital goods is done away with. Entry restrictions were simplified. Automatic approval policy for FDI up to 51%. The exchange rate was made flexible and allowed to depreciate. The rupee is fully convertible on the current account and partially on the capital account. Continuity in reforms led to Off Shocks Overshadowed Reforms (1998 to 2002) & India’s Participation in Global Boom (2003 to 2008) #upsc #economicreforms #nextias #economicsurvey #reforms #unionbudget2023 #unionbudget #nextias #upsccurrentaffairs #inflation #nextiascurrentaffairs #nextiascurrentaffairs 👉 𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐏𝐃𝐅: https://www.nextias.com/summary/Econo... https://www.nextias.com/Economic-Surv... https://www.nextias.com/website/home/... 👉 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐮𝐫𝐯𝐞𝐲 𝟐𝟎𝟐𝟐-𝟐𝟑 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 𝐋𝐢𝐧𝐤: https://bit.ly/economysurvey2022-23 🔸Chapter 1: https://youtube.com/live/zS-wNSKAyrw?... 🔸Chapter 2: https://youtube.com/live/wh0wIbsafSY?... 🔸Chapter 3 (Part-1): https://youtube.com/live/wiZafLoCtnw?... 🔸Chapter 3 (Part-2): https://youtube.com/live/AO9pe5CJwXM?... 🔸Chapter 4: https://youtube.com/live/VeYc-gymfHk?... 🔸Chapter 5: https://youtube.com/live/FwvggPPeV4M?... 🔸Chapter 6 (Part-1): https://youtube.com/live/kLI0iIGNxU8?... 🔸Chapter 6 (Part-2): https://youtube.com/live/aOGdQKcADsI?... 🔸Chapter 8: https://youtube.com/live/WHBUM5P2zTo?... 🔸Chapter 9: https://youtube.com/live/WHBUM5P2zTo?... 👉Important Links 🔸GS + CSAT Pre cum Mains Foundation Course: https://bit.ly/43zOxeR 🔸Optional Foundation Courses: https://bit.ly/43uJlZD 🔸Advance Integrated Mentorship (AIM) Program: https://bit.ly/43zHJ0R 🔸Mains Test Series(MTS): https://bit.ly/45CRn4o 🔸Daily Current Affairs & Editorial Analysis: https://bit.ly/3t0WZnu 👉Important YouTube Playlist Links 🔸Headlines of the Day - https://bit.ly/3oYnHuo 🔸News & Views - https://bit.ly/nextiasnewsandviews 🔸Topic of the Day | Latest Updates - https://bit.ly/3Ai3d6D 🔸Open session on UPSC Optional - https://bit.ly/3zVdUKZ 🔸Places in News - https://bit.ly/3QVSPqH 🔸UPSC CSE 2022 Mock interview - https://bit.ly/3WDiNTJ 🔸UPSC CSE 2022 Toppers Talk - https://bit.ly/topperstalk2022 👉Follow us on 🔸YouTube: / nextias 🔸Telegram: https://t.me/nextiasgsgroup 🔸Instagram: / nextias 🔸Facebook: / nextiasmadeeasy 🔸Twitter: / nextias_delhi 🔸Quora: https://www.quora.com/profile/Next-IAS-1 Happy Learning! @NEXT IAS
