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Economic reforms were introduced in the year 1991 for faster and better economic growth. It was initiated by the Narasimha Rao Government for the sake of building people's trust in the Indian economy.

The three main pillars of this Reform were: Liberalization, Globalisation, and Privatization.

The focus of the strategy for the New India@75 document is to improve the policy environment in which the private investors and other stakeholders can contribute to their maximum towards propelling India towards a USD 5-trillion economy by 2030 by achieving the goals set out for New India 2022.

Though economic liberalization in India can be traced back to the late 1970s, economic reforms began in earnest only in July 1991. A balance of payments crisis at the time opened the way for an International Monetary Fund (IMF) program that led to the adoption of a major reform package.

The focus of the strategy is to further improve the policy environment in which private investors and other stakeholders can contribute their fullest towards achieving the goals set out for New India 2022. We have followed a deeply participative approach in preparing the strategy.

It includes five key points: (1) more developing countries should be represented in the council; (2) more countries, especially small- and medium-sized states, should have greater opportunities to serve on a rotating basis and participate in decisionmaking; (3) Security Council reform should adhere to the principle of ...

NITI Aayog's Strategy for New India @75 has the following objectives for the inclusive growth: To have a rapid growth, which reaches 9-10% by 2022-23, which is inclusive, clean, sustained and formalized. To Leverage technology for inclusive, sustainable and participatory development by 2022-23.

The focus of the strategy for the New India@75 document is to improve the policy environment in which the private investors and other stakeholders can contribute to their maximum towards propelling India towards a USD 5-trillion economy by 2030 by achieving the goals set out for New India 2022.

Here are seven top economic reforms during Modi's rule that set the launchpad for the country to become the next dragon of the world. GST. See also: Budget 2023: Key dates you should keep in mind. Banking Reforms. PLI Scheme. UPI. JAM Trinity. Bankruptcy Code reforms. RERA.