indian economic reforms for a strong and balanced economic governance “regaining growth with...

7222019 Indian Economic Reforms for a strong and balanced Economic Governance ldquoRegaining Growth with Employmentrdquo

httpslidepdfcomreaderfullindian-economic-reforms-for-a-strong-and-balanced-economic-governance-regaining 114

983103

Lbjlob Hecbcnle Vhgcrns gcr o strcbk obj fomobehj Hecbcnle

Kcvhrbobeh rdquoVhkolblbk Krcwtd wltd Hnpmcynhbtbdquo

Cvhrvlhw

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fh jcbh tc strhbktdhb rhkumotlcb lb crjhr tc jhom wltd tdh rlsas cg ecbtoklcb obj

kcvhrbnhbt obj ctdhr golm lbstltutlcbs Os gcrheosts cg Lbjlo KJP phrgcrnobeh ecbtlbuh

tc fh rhvlshj jcwbworjs bhw pcmley lbltlotlvhs obj o rhjuetlcb lb kmcfom trojh

rhstrletlcbs orh hsshbtlom phrdops tdh ncst lnpcrtobt pcmley tc lnprcvh tdh Lbjlob

hecbcnle cutmcca wcumj fh ob opprcoed tc nhjlun-thrn jhglelt rhjuetlcb tdot wcumj

prcvljh o potd tc sustolbofmh botlcbom jhft mhvhms

Zdh twc ncst prhsslbk obj rhmothj edommhbkhs gcr pufmle oetlcb lb Lbjlo orh1

bull Lbstltutlcbom rhgcrn tc hbdobeh tdh eopoflmlty cg pufmle shetcr lbstltutlcbs tc hbsurh

tdh hgghetlvh jhmlvhry cg ecrh shrvlehs

bull Uustolblbk roplj krcwtd obj noalbk tdh prcehss cg hecbcnle krcwtd ncrh lbemuslvh

oercss shetcrs oercss rhklcbs obj frlbklbk tdh fhbhglts cg dlkdhr lbecnhs obj

mlvlbk stobjorjs tc ncrh phcpmh

983103 Nuahsd Aunor Nlsdro Uherhtory Khbhrom cg Arltyobobj XBHUEC Emuf Ionsdhjpur



983094

Uhrvleh jhmlvhry obj hxpobjlbk tdh lbemuslvhbhss cg hecbcnle krcwtd ls bhhjhj gcr

hnpcwhrnhbt obj cppcrtublty Zdh ehbtrom hnpmcynhbt edommhbkh ls tc erhoth

prcjuetlvh icfs obj mlvhmldccjs gcr tdh nlmmlcbs cg phcpmh wdc hbthr tdh mofcr gcreh

Zdhrh ls ob urkhbt bhhj gcr ncrh joto ecmmhetlcb obj stotlstleom obomyshs wdled sdcumj

glkurh prcnlbhbtmy lb tdh pcst 608 jhfoth cb tdh NJKs

Lbemuslvh jhvhmcpnhbt eomms gcr o noerchecbcnle pcmley opprcoed tdot kchs fhycbj tdh

borrcwhr kcom cg noerchecbcnle stoflmlty Zdls opprcoed bhhjs gcr hxpobjlbk tdh

bunfhr cg lbstrunhbts obj eccrjlbotlbk noerchecbcnle pcmlelhs wltd ctdhr pcmlelhs tc

stlnumoth tdh jhvhmcpnhbt cg prcjuetlvh eopoeltlhs Lt sdcumj torkht glbobelbk pufmle

lbvhstnhbt lb pdysleom obj dunob eopltom fy oeehmhrotlbk pufmle lbvhstnhbt lb

lbgrostrueturh obj rlslbk sphbjlbk cb jhvhmcpnhbt Zc jc sc wlmm rhqulrh strhbktdhblbk

kcvhrbnhbt eopoelty

Zdcukd Lbjlo goehs o jhhp eyemleom prcfmhn tcjoy tdh sustolbofmh scmutlcb lb cur vlhw

jchs bct lbvcmvh tdh emossle ecubthr-eyemleom rhspcbsh cg ncbhtory obj glseom hoslbk

Votdhr tdh sustolbofmh scmutlcb wcumj fh tc rhkolb noerc stoflmlty lnprcvh prcjuetlvlty

krcwtd obj tc moy jcwb tdh gcubjotlcbs wdled wlmm rhturb tdh hecbcny tcworjs o dlkdhr

krcwtd potd Zdls pophr fhklbs wltd o ecbsljhrotlcb cg tdh Gronhwcra gcr Utrcbk

Uustolbofmh obj Fomobehj Krcwtd

Vhgcrns ogthr tdh Hmhetlcbs

Lb ny vlhw ojjrhsslbk tdhsh lssuhs quleamy lb tdh pcst-hmhetlcb phrlcj wcumj dhmp tc

rhstcrh noerc stoflmlty obj rhvlvh prcjuetlvlty krcwtd1

Lbltloth pcmley edobkhs tc nobokh wokh krcwtd lb mlbh wltd prcjuetlvlty

Eut tdh glseom jhglelt

Pcmley tc Lnprcvh tdh fuslbhss hbvlrcbnhbt

Vhgcrn urfoblzotlcb pcmley

Ojjrhss strueturom rlkljltlhs lb tdh hecbcny tc ubmhosd tdh krcwtd

pcthbtlom ― portleumormy lb hbhrky obj nlblbk shetcr1



983093

Edommhbkh lb eurrhbt sehborlc

[hoa Prcjuetlvlty Jybonle ot tdh Vcct cg Lbjloldquos Noerc Edommhbkhs

Zdh rcct eoush cg Lbjloldquos noerc edommhbkhs cvhr tdh post ghw yhors dos fhhb whoa

prcjuetlvlty krcwtd Prcjuetlvlty krcwtd trhbjs ― os nhosurhj fy hltdhr lberhnhbtom

eopltom cutput rotlcs cr ecbtrlfutlcb cg tctom goetcr prcjuetlvlty tc dhojmlbh KJP krcwtd ―

dovh fhhb sthojlmy whoahblbk slbeh 60 Votdhr surprlslbkmy Lbjloldquos mhvhms dovh rlshb

tc o mhvhm tdot ls ecnporofmh tc Edlboldquos wdled dos doj tc jhom wltd tdh edommhbkhs cg

cvhr-lbvhstnhbt lb rhehbt yhors

Zdh jhthrlcrotlcb lb prcjuetlvlty krcwtd ls tdh jlrhet rhsumt cg o shrlhs cg pccr

pcmley edclehs9

Zdhsh lbemujh nolbtolblbk o dlkd glseom jhglelt pusdlbk gcr dlkd rurom wokh krcwtd obj

khbhrom pcmley ubehrtolbty okolbst o foeajrcp cg whoa hxthrbom jhnobj Zdh rhsumt dos

fhhb ob ubgovcrofmh fuslbhss hbvlrcbnhbt Zdhsh pcmlelhs dovh fhhb morkhmy kuljhj fy

o prhghrhbeh gcr lbecnh rhjlstrlfutlcb cvhr lbecnh krcwtd os o nhobs tc mlgt scelhtyldquos

hecbcnle obj scelom whmgorh Dcwhvhr tdls pcmley jlrhetlcb dos khbhrothj tdh sljh

hgghets cg whoahr hecbcnle krcwtd obj smcwhr hnpmcynhbt wdled dos donphrhj tdh

urfob hecbcny

Xbprcjuetlvh jybonle dos omsc eoushj hmhvothj mhvhms cg lbgmotlcb9 Zdls dos

hrcjhj tdh puredoslbk pcwhr cg dcushdcmjs obj ls mlahmy tc dovh lberhoshj lbecnh

lbhquomlty Zc tdot pclbt tdh rurom pcpumotlcb wdled dos fhhb tdh gceus cg tdh

rhjlstrlfutlcb hggcrts ls bc mcbkhr rhoplbk tdh fhbhglts cg dlkdhr bcnlbom rurom wokh

krcwtd Dlkdhr roths cg rurom lbgmotlcb dovh nhobt tdot rhom rurom wokh krcwtd dos bcw

jhehmhrothj tc 5 grcn o phoa cg 65 Dhbeh tdh rhjlstrlfutlcb pcmlelhs shhn tc

dovh mhgt tdh ecubtry wltd o suf-cptlnom cutecnh lb tdh kcom cg noxlnlzlbk hecbcnle

whmgorh



983098

Zdh Uustolbofmh Ucmutlcb ― Vhgcrns tc Fccst Prcjuetlvlty





krcwtd potd

Ucnh Ctdhr Hecbcnle Edommhbkh ls

Kccjs obj Uhrvlehs Zox Ehbtrom Foba Pcmley Prlvotlzotlcb obj Uufsljlhs Mofcr

Jhghbeh Lbsurobeh amp Fobalbk Pcwhr obj Kos

Lbjlob Hecbcny9 Ghoturhs

[h dovh bcw doj 65 yhors cg hecbcnle rhgcrns spobblbk slx kcvhrbnhbts [dot dovh

tdhsh rhgcrns oedlhvhj3 [h dovh osehbjhj o dlkdhr krcwtd potd1 pcvhrty dos fhhb

rhjuehj1 tdh hxthrbom shetcr ls ncrh tdob ecngcrtofmh1 lbjustrlom krcwtd dos fhhb

rhstcrhj1 obj omm tdls dos fhhb oedlhvhj wltd glbobelom stoflmlty lb tdh ecubtry Os o

ecbshquhbeh cg omm tdhsh ncnhbtcus edobkhs tdhrh ls o bhw rhsphet gcr Lbjlo lb tdh

wcrmj obj hvhb ncrh lnpcrtobt Lbjlobs lb omm womas cg mlgh dovh gcubj o bhw mhvhm cg

shmg ecbgljhbeh Fut wh stlmm dovh nlmhs tc kc [h bhhj tc ncvh tc tdh bhxt mhvhm cg

sustolbhj krcwtd sc tdot phr eoplto lbecnh krcwtd eob hxehhj cvhr 4 phr obbun cb o

sustolbhj fosls obj tdhrhfy shh ot mhost o jcufmlbk hvhry jheojh

Os Lbjlo mccas tcworjs gurtdhr mlfhromlzotlcb lt nust glrst prhporh lts hecbcnle lbstltutlcbs

fy rh-crlhbtlbk tdhn grcn noboklbk tdh hecbcny tc rhkumotlbk tdh hecbcny [ltdcut ob

hbdobehnhbt cg rhkumotcry eopoelty lberhoshj mlfhromlzotlcb wlmm slnpmy phrphtuoth

ecrruptlcb obj gurtdhr lbhquomlty Fy lnprcvlbk rhkumotcry eopoelty tdh stoth eob fhtthr

gceus cb tdh scelc-hecbcnle osphets cg kcvhrbobeh tdot wlmm fh sc lnpcrtobt gcr Lbjloldquos



983096

guturh Lb crjhr tc fhtthr jlrhet obj nobokh lbstltutlcbom edobkh lb Lbjlo wh nust glrst

mcca tc dlstcry tc ubjhrstobj dcw Lbjloldquos hecbcnle lbgrostrueturh wos fulmt

Ahy Vhgcrns tdot wh bhhj tc jc

Lbjloldquos hecbcny dos doj tc goeh juom edommhbkhs cvhr tdh post ghw yhors ―

smcwlbk krcwtdhellip KJP krcwtd dos fhhb sthojlmy jhehmhrotlbk grcn ofcvh lt fhgcrh

tdh erhjlt erlsls tc suf 8 bcw whmm fhmcw Lbjloldquos pcthbtlom krcwtd hellipobj hmhvothj

lbgmotlcb9 Lbgmotlcb (EPL) cb tdh ctdhr dobj dos fhhb rubblbk dlkd fy dlstcrleom

stobjorjs Lt dos phrslsthj ofcvh tdh ehbtrom fobaldquos ecngcrt zcbh cg 80―88 slbeh

Nored-6004

Zdls stokgmotlcb-typh hbvlrcbnhbt dos phrslsthjhellip Zdotldquos jhsplth tdh suppcrt cg

strcbk pcsltlvh strueturom goetcrs sued os govcrofmh jhnckropdles obj dlkd pcthbtlom gcr

eoted-up krcwtd sukkhstlbk tdot tdh edommhbkhs orh morkhmy eyemleom lb boturh hellipobj tc

hseoph lt Lbjlo bhhjs gurtdhr oetlcb cb hecbcnle rhgcrns9 Zdh most kcvhrbnhbt doj

omrhojy storthj tc wcra tc lnpmhnhbt scnh ahy rhgcrns lb tdh most ghw ncbtds fut wh

fhmlhvh tdh bhw kcvhrbnhbt tdot wlmm bhhj tc kht tc wcra quleamy cb tdh phbjlbk

rhgcrns

Ahy pcmley rhgcrns9 tdh bhw kcvhrbnhbt wlmm bhhj tc lnpmhnhbt tdhsh tc ncvh cut cg

tdh eurrhbt stokgmotlcb typh hbvlrcbnhbt obj oeehmhroth KJP krcwtd lb o sustolbofmh

nobbhr tcworjs -41 obj1

) Lbltloth pcmley edobkhs tc nobokh wokh krcwtd lb mlbh wltd prcjuetlvlty9

Lg wh whrh tc mlst cbmy cbh pcmley rhgcrn tdot Lbjlo bhhjs tc lnpmhnhbt tc ncvh cut cg tdh

eurrhbt stokgmotlcb-typh hbvlrcbnhbt lt wcumj fh glxlbk mofcr pcmley [h fhmlhvh tdot



983095

phrslsthbt dlkd bcnlbom wokh krcwtd hvhb os KJP krcwtd obj icf erhotlcb dovh

ecmmopshj eob cbmy fh hxpmolbhj fy tdh lbthrvhbtlcb cg pcmley noahrs lb tdh mofcr noraht

Utrcbk rurom wokh krcwtd juh lb port tc tdh botlcbom rurom hnpmcynhbt kuorobthh

sedhnh dos mhj tc ob lberhosh lb gccj prcjuetlcb ecsts obj gccj lbgmotlcb Lb turb tdh

phrslsthbeh cg gccj lbgmotlcb ls o ahy goetcr fhdlbj hmhvothj lbgmotlcb hxphetotlcbs

Hbsurlbk ob hgghetlvh lnpmhnhbtotlcb cg tdh rurom hnpmcynhbt sedhnh wcumj hbsurh

guturh wokh kolbs ncrh lb mlbh wltd prcjuetlvlty wdled sdcumj mlnlt tdh lbgmotlcbory

lnpoet Ncjl kcvhrbnhbt wlmm bhhj tc lnpmhnhbt nhosurhs tc hbsurh tdot tdh botlcbom

rurom hnpmcynhbt pcmley ls lnpmhnhbthj wltd o gceus cb hgglelhbey

6) Eut tdh glseom jhglelt9

Lbjloldquos glseom jhglelt dos rhnolbhj dlkd cvhr tdh post glvh yhors nolbmy juh tc o smlppokh

lb rhvhbuh tc KJP trhbjs Lb tdh glrst stokh tdhrh ls o bhhj tc rhjueh hxphbjlturh - tc

tdh tubh cg ofcut cg KJP Lb tdh shecbj stokh os krcwtd rhecvhrs obj tox

rhvhbuhs tc KJP lnprcvhs hxphbjlturh krcwtd wlmm bhhj tc fh nolbtolbhj ot o mcwhr

mhvhm tc hbsurh tdot tdh botlcbom glseom jhglelt ls frcukdt jcwb grcn eurrhbt mhvhm cg emcsh

tc 4 cg KJP tc ofcut 8 cg KJP Ecbscmljotlbk tdh glseom jhglelt wcumj dhmp tc

lnprcvh pufmle sovlbk tdhrhfy dhmplbk tc lberhosh tdh cvhromm mhvhm cg sovlbk lb tdh

hecbcny obj mcwhr tdh eurrhbt oeecubt jhglelt lb o sustolbofmh nobbhr Ncrh

lnpcrtobtmy tdhrh ls o bhhj tc lnprcvh tdh nlx cg kcvhrbnhbt sphbjlbk tcworjs ncrh

eopltom hxphbjlturh wdled thbjs tc fh ncrh prcjuetlvh obj prcjuehs ncrh pcsltlvh

splmmcvhr hgghets lb tdh hecbcny

5) Pcmley tc lnprcvh tdh fuslbhss hbvlrcbnhbt9

Pcmley ubehrtolbty ecrruptlcb-rhmothj lbvhstlkotlcbs obj rhkumotcry durjmhs dovh mhj tc

jhthrlcrotlcb lb tdh fuslbhss hbvlrcbnhbt obj dhmj foea tdh lbvhstnhbt eyemh Zdh most

kcvhrbnhbt doj toahb sthps sued os mlfhromlzlbk GJL mlnlts yht tdh cvhromm fuslbhss

hbvlrcbnhbt stlmm rhnolbs edommhbklbk Zdus pcmley noahrs sdcumj ojjrhss tdls

ecnprhdhbslvhmy cb tdh gcmmcwlbk pcmley1



983099

Prcvljlbk o ecbslsthbt pcmley gronhwcra lb ahy lbgrostrueturh obj lbjustrlom shetcrs

Utrhonmlblbk tdh opprcvom prcehss gcr lbvhstnhbt prcihets

Goelmltotlbk tdh rhdoflmltotlcb cg ecrpcroth fomobeh sdhhts

Prcvljlbk gubjs gcr rheopltomlzlbk UCH fobas tc ubemck tdhlr fomobeh sdhhts

Prcnctlbk rhgcrns tc hbecurokh ncrh wcrahrs tc ncvh lbtc crkoblzhj gcrns cg mofcr

noraht oetlvlty

) Vhgcrn urfoblzotlcb pcmley9

Zdh gceus cb rhjlstrlfutlcb obj jhvhmcpnhbt cg rurom orhos dos rhsumthj lb jls

lbehbtlvlzlbk urfoblzotlcb Zdh ljhom pcmley gcr ob hnhrklbk hecbcny mlah Lbjlo wltd sued

strcbk krcwtd lb wcralbk okh pcpumotlcb ls tc prcncth urfoblzotlcb sc os tc mlgt cvhromm

prcjuetlvlty krcwtd Zdh urfob hecbcny ls typleommy ncrh hgglelhbt obj frlbks wltd lt

dlkdhr-vomuh-ojjhj icf cppcrtubltlhs Lbsthoj lb tdh most glvh yhors tdh kcvhrbnhbtldquos

pcmley tc prcncth dlkdhr rurom wokhs dos jlrhetmy wcrahj okolbst tdh urfoblzotlcb hggcrt

Zc hbecurokh urfoblzotlcb pcmley noahrs wlmm bhhj tc gceus cb erhotlbk pdysleom

lbgrostrueturh lb eltlhs obj hbsurlbk fhtthr jhmlvhry cg pufmle shrvlehs tc eltlzhbs O

ecnprhdhbslvh botlcbwljh pmob bhhjs tc fh lnpmhnhbthj tc oeehmhroth urfoblzotlcb

obj Unort Eltlhs ecbehpts

Zdh kcvhrbnhbt bhhjs tc gceus cb erhotlbk lbgrostrueturh gcr sustolbofmh krcwtd cg tdh

eltlhs wltd prcphr elvle onhbltlhs sued tdot eltlhs orh ofmh tc ofscrf tdh rurom nlkrotlcb

Zdh kcvhrbnhbt wcumj bhhj tc gceus tc erhoth o systhnotle pmob gcr jhvhmcpnhbt cg9

pdysleom lbgrostrueturh erhotlcb lb eltlhs1

jhmlvhry cg shrvlehs tdrcukd hnpcwhrlbk tdh mceom mhvhm kcvhrbnhbt fcjlhs1

8) Vhgcrn strueturom rlkljltlhs lb tdh hecbcny tc ubmhosd krcwtd pcthbtlom ―

portleumormy lb tdh hbhrky obj nlblbk shetcrs9



983092

Lbjlo ls o bht lnpcrthr cg hbhrky rhqulrhnhbts obj ls tdh gcurtd-morkhst hbhrky

ecbsunhr lb tdh wcrmj Nhhtlbk hbhrky bhhjs tc sustolb o dlkdhr krcwtd trhbj cg -4

wlmm fhecnh lberhoslbkmy edommhbklbk Zdcukd Lbjlo ls bct os whmm hbjcwhj wltd hbhrky

rhscurehs tdh prhshbeh cg strueturom fcttmhbheas ls erhotlbk sdcrtokhs obj

bhehssltotlbk lnpcrts lb orhos hvhb wdhrh rhscurehs orh prhshbt Zdus tdhrh ls ob

urkhbt bhhj tc ush omm ovolmofmh jcnhstle rhscurehs tc tdh noxlnun pcthbtlom tc rhjueh

lnpcrt jhphbjhbeh Uhvhrom suppmy fcttmhbheas ― lbemujlbk tdh opprcvom prcehss gcr

hbvlrcbnhbt obj mobj oequlsltlcb obj moea cg rolm ecbbhetlcb ― dovh donphrhj tdh

hbhrky obj nlblbk shetcrs obj dovh whlkdhj cb Lbjloldquos krcwtd pcthbtlom Ojjrhsslbk

tdhsh strueturom fcttmhbheas wcumj dhmp Lbjlo sheurh lts hbhrky rhqulrhnhbts obj fccst

lts nlbhrom hxpcrts tdhrhfy rhncvlbk o ecbstrolbt cb krcwtd Cur hstlnoths sdcw tdot

tdh lberhosh lb ecom lnpcrts obj jhemlbh lb lrcb crh hxpcrts mlahmy ojjhj emcsh tc 04 cg

KJP tc Lbjloldquos eurrhbt oeecubt jhglelt fhtwhhb 6008 tc 60Zdh bhw kcvhrbnhbt

pcmley oetlcb bhhjhj lb Ecom fmcea ommceotlcbs1 Uurpmus ecom usokh pcmley obj tdh

hbvlrcbnhbtom emhorobeh prcehss1 Ncbltcrlbk cg Ecom Lbjlo prcihets

Zdh kcvhrbnhbt sdcumj hnfora cb o sustolbhj prcehss cg nhoblbkgum UHF rhgcrns

hsphelommy gcr tdh flkkhr mcss noalbk stoths noby cg wdled dovh doj tdhlr mcobs

rhstrueturhj rhehbtmy Zdh prcehss cg Utoth Hmhetrlelty Fcorj rhgcrns sdcumj lbemujh9

Ecbslsthbt obj rhkumor torlgg dlahs fy stoths olnhj ot rhjuelbk obj

hvhbtuommy hmlnlbotlbk tdh torlgg kop

Lberhnhbtom gubjlbk fy fobas sdcumj fh stcpphj gcr UHFs tdot stcps

ojdhrlbk tc tdh rhgcrns prcehss

Ctdhr Hecbcnle Vhgcrns

Zdh noerchecbcnle hbvlrcbnhbt ls hxphethj tc lnprcvh obj krcwtd ls hxphethj tc

oeehmhroth krojuommy cvhr tdh bhxt yhors Zdh foshmlbh sehborlc lb tdls Xpjoth ls

ecbjltlcbom cb gurtdhr lnprcvhnhbts lb tdh noerchecbcnle gronhwcra fhblkb kmcfom

ecbjltlcbs obj ecbtlbuhj hggcrts fy tdh outdcrltlhs tc strhbktdhb tdh fuslbhss



983100

hbvlrcbnhbt obj lnprcvh glseom sustolboflmlty Xbjhr tdhsh ossunptlcbs tdh poeh cg

hecbcnle oetlvlty ls hxphethj tc oeehmhroth opprhelofmy lb tdh shecbj domg cg G60

frlbklbk hecbcnle krcwtd tc phrehbt gcr tdh hbtlrh glseom yhor Krcwtd ls hxphethj tc

lnprcvh gurtdhr tc 76 phrehbt lb G608 os nobugoeturlbk krcwtd oeehmhroths obj bhw

obj hxlstlbk lbvhstnhbt prcihets ecnh cb strhon Zdh oeehmhrotlcb lb krcwtd ls ubmlahmy

tc erhoth lbgmotlcbory prhssurhs os shvhrom yhors cg krcwtd fhmcw pcthbtlom dovh cphbhj

o pcsltlvh cutput kop obj lbgmotlcb ls hxphethj tc jhehmhroth tc 85 phrehbt obj 86

phrehbt lb G60 obj G608

Ahy Vhgcrns lb gcmmcwlbk shetcr ls omsc bhhjhj

Glbobelom Uhetcr

Okrleumturh

Vhkolblbk Krcwtd lb Hnpmcynhbt Cppcrtubltlhs

Lbjustrlom Pcmley obj Gcrhlkb Lbvhstnhbt

Pufmle Uhetcr Pcmley

Zdh ahy edommhbkh gcr hecbcnle kcvhrbobeh dhbeh dos fhhb tc glbj tdh rlkdt fomobeh

fhtwhhb jhncerotle pcmltles obj grhh-noraht hecbcny Obctdhr edommhbkh dos fhhb

rhmuetobeh cb tdh port cg stoth tc ehjh ncrh spoeh tc tdh prlvoth shetcr Zdhrh ls

bhhjhj tc rhmcca ot tdh thrns cg hbkokhnhbt fhtwhhb stoth obj tdh prlvoth shetcr Obj

tc strhbktdhb tdls hbkokhnhbt tdrcukd nhosurhs sued os rhgcrns lb rhkumotlcb obj

lbstltutlcbs tdot nobokh tdh stoth obj prlvoth shetcr lbthrgoeh tdrcukd stoth obj eltlzhb

portlelpotlcb O bhw krcwtd okhbjo ls bhhjhj Nlerc Unomm amp Nhjlun Hbthrprlshs

(NUNHs) obj okrleumturh orh ecrbhrstcbh shetcrs lb tdh Lbjlob ecbthxt khbhrotlbk

hnpmcynhbt gcr 88 phr ehbt cg Lbjlob pcpumotlcb obj noah o slkblgleobt ecbtrlfutlcb tc

tdh KJP Dcwhvhr glbobelom lbemuslcb dos smcwhj jcwb wltd iust 8 phr ehbt cg NUNHs

obj 6 phr ehbt cg gornhrs dovlbk oeehss tc lbstltutlcbom glbobeh Zdh glbobelom shetcr

dos golmhj tc nhht tdh bhhjs cg tdls shetcr



983103983088

Lt ls cbmy boturom tdot tdh jhglbltlvh pcst-hmhetlcb jlomckuh tcworjs ob okhbjo gcr ob

osplrotlcbom Lbjlo sdcumj fhklb wltd o jlseusslcb cb Hecbcnle Kcvhrbobeh amp Vhgcrns

Zdrhh goetcrs jrlvh tdls prlcrlty9 cbh omm tdh noicr pcmltleom portlhs dovh dlkdmlkdthj

hecbcnle kcvhrbobeh obj rhgcrns os ob lbthkrom port cg tdhlr noblghstc Lt ls tdhrhgcrh

lnphrotlvh tdot tdh bhw kcvhrbnhbt lnpmhnhbts lts prcnlshs obj strhbktdhb tdh

hecbcnle kcvhrbobeh

Lb mlkdt cg rhehbt hecbcnle prcfmhns kcvhrbnhbts nust oedlhvh ncrh wltd ghwhr

rhscurehs Lb ojjltlcb bhw pcmlelhs orh rhqulrhj tc ojjrhss kmcfom edommhbkhs lb orhos

sued os pufmle soghty emlnoth edobkh obj tdh trobsltlcb tc rhbhwofmh hbhrky Bhw

opprcoedhs orh omsc bhhjhj tc nobokh ob oklbk scelhty edobklbk mlghstymhs

urfoblzotlcb Pufmle Ojnlblstrotlcbs tcjoy dovh tc shrvh lbgcrnhj obj hjueothj eltlzhbs

wdc dovh dlkd hxphetotlcbs obj dcmj kcvhrbnhbts oeecubtofmh HKcvhrbnhbt hbofmhs

o ncrh noturh obj jhhphr rhmotlcbsdlp fhtwhhb tdh pufmle obj tdh prlvoth shetcrs

krhothr ecmmofcrotlbk oncbk omm mhvhms cg kcvhrbnhbt obj bhw shrvleh jhmlvhry ncjhms

HKcvhrbnhbt omsc ommcws us tc rhjueh ecsts ecrruptlcb wdlmh ot tdh sonh tlnh

lnprcvlbk tdh quomlty cg shrvlehs obj lberhoslbk elvle portlelpotlcb Ot o tlnh wdhb

noerchecbcnle pcmlelhs orh ubjhr oeuth prhssurh lb noby ecubtrlhs tdh rcmh cg

strueturom pcmlelhs dos ecnh ncrh lbtc gceus Utrueturom rhgcrns orh lnpcrtobt fctd cb

tdh ecbvhbtlcbom krcubjs tdot tdhy fccst mcbk-thrn krcwtd obj whmgorh fut omsc

fheoush tdhy eob toah scnh prhssurh cgg noerchecbcnle pcmlelhs Fhtthr strueturom

pcmlelhs wlmm dhmp oedlhvh glseom sustolboflmlty obj prcvljh krhothr mhhwoy gcr ncbhtory

pcmley Lnpcrtobtmy strueturom rhgcrns eob fcmsthr ecbgljhbeh Prlcrltlhs olnlbk ot

strhbktdhblbk ecnphtltlcb obj lberhoslbk tdh gmhxlflmlty cg rhscureh ommceotlcb lberhosh

tdh rhspcbslvhbhss tc noraht-foshj hbvlrcbnhbtom pcmley lbstrunhbts obj dhbeh orh

ecnpmhnhbtory tc tdh motthr fy noalbk krhhb krcwtd pcmlelhs ncrh ecst hgghetlvh

Gcr Lbjlo tc ecbtlbuh lts roplj krcwtd wdlmh omsc hxpobjlbk tdls krcwtd oercss rhklcbs

shetcrs obj phcpmh L sukkhst rhncvh ahy flbjlbk ecbstrolbts cg pccr lbgrostrueturh obj

dlkd glseom jhglelts gceus cb rhgcrns tdot fctd lnprcvh hecbcnle hgglelhbey obj sprhoj

tdh fhbhglts cg krcwtd hnpmcynhbt obj rhgcrnlbk glbobelom shetcr1 rolsh okrleumturh



983103983103

prcjuetlvlty fy rhturblbk tc lbvhstnhbts lb thedbcmcky obj lbgrostrueturh obj hnpcwhr

tdh pccr ecnnublty tdrcukd pcmlelhs obj prckrons tdot osslst tdhn tc toah port lb tdh

noraht cb golr obj hqultofmh thrns Os wh mccas tcworjs gurtdhr mlfhromlzotlcb wh nust

prhporh cur hecbcnle lbstltutlcbs fy rh-crlhbtlbk tdhn grcn noboklbk tdh hecbcny tc

rhkumotlbk tdh hecbcny Zdh ojvhrsh hecbcnle goetcrs sued os dlkdhr mhvhm cg glseom

jhglelt hxpobjlbk trojh kop jhthrlcrotlbk eurrhbt oeecubt jhglelt rlslbk lbgmotlcb obj

rhsumtobt dlkdhr lbthrhst roths wdled dovh eoushj lbjustrlom smcw jcwb obj wcrshbhj

hecbcnle hbvlrcbnhbt lb ecbtlbuh tc prhvolm wltd shrlcus edommhbkhs tc Lbjlob hecbcny

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O ecnncb ecbemuslcb grcn tdh jlseusslcb cg lbjlvljuom lssuhs lb tdls pophr tdot

hecbcnle rhgcrns wlmm dhmp tc lnprcvh kcvhrbobeh fy rhjuelbk tdh secph gcr

jlserhtlcbory pcwhr obj lberhoslbk tdh jhkrhh cg trobsporhbey lb pcmley obj

prcehjurhs Fut hecbcnle rhgcrns orh bc kuorobthh okolbst nomghosobeh Kcvhrbobeh

prcfmhns eob orlsh lb oby systhn obj lnprcvhj kcvhrbobeh ls tdhrhgcrh cbmy mlahmy lg

tdh pcmltleom obj ojnlblstrotlvh systhn obj elvlm scelhty khbhrommy wcras iclbtmy tc

oedlhvh lt Cbh tdlbk ls ehrtolb Lbjlos jhncerotle pcmltles obj grhh prhss wlmm hbsurh tdot

tdhsh lssuhs wlmm rhnolb lb tdh gcrhgrcbt cg pufmle ecbselcusbhss obj tdhrhgcrh cb tdh

pcmltleom okhbjo obj tdhrh wlmm fh ecbtlbucus prhssurh gcr lnprcvhnhbt

Ncrh khbhrommy Kclbk gcr Krcwtd prcvljhs o whomtd cg rhecnnhbjotlcbs olnhj ot

gcsthrlbk hgglelhbey kolbs tdrcukd dlkdhr lbvhstnhbt lb salmms thedbcmcky obj

lbgrostrueturh Lb tdls rhkorj hormlhr kolbs grcn krhothr cphbbhss tc lbthrbotlcbom trojh

obj lbvhstnhbt sdcumj bct fh rcmmhj foea cphbmy cr ecvhrtmy os tdls wcumj ubjhrnlbh

hggcrts tc sustolbofmy fccst prcjuetlvlty Volslbk hecbcny-wljh prcjuetlvlty omsc ecnhstdrcukd o sdlgt lb rhscurehs grcn lbhgglelhbt shetcrs obj glrns tc ncrh prcjuetlvh cbhs

Pcmlelhs eob osslst tdls prcehss wltd rhgcrns lb tdh orhos cg prcjuet noraht rhkumotlcb

khbhrom toxotlcb sufsljlhs os whmm os o ncrh hgglelhbt prcvlslcb cg pufmle shrvlehs Zdh

scurehs cg hecbcnle krcwtd orh1



983103983094

Lberhoslbk Pdysleom Eoplto

Zdh glrst plmmor cg hecbcnle krcwtd ls lberhoshs lb pdysleom eopltom wdled hbofmhs

wcrahrs tc prcjueh ncrh kccjs obj shrvlehs fheoush lt rhjuehs tdh kcvhrbnhbtldquos

fcrrcwlbk jhglelt rhjuetlcb wlmm rhnolb tdh ahy tc dcw nued cg botlcbom sovlbk ls

ovolmofmh gcr prlvoth lbvhstnhbt lb pdysleom eopltom

Lnprcvlbk Dunob Eopltom

Zdh shecbj plmmor cg hecbcnle krcwtd ls lnprcvhnhbt lb wdot hecbcnles eomm dunob

eopltom tdh abcwmhjkh hxphrlhbeh obj salmms cg tdh wcragcreh

Hxphbjlturh Zrojh

Zdh tdlrj scureh cg lberhoslbk hgglelhbey lb tdh hecbcny ls ncrh cphb norahts ofrcoj

mlah tdh grhhlbk up cg jcnhstle norahts cphblbk cg gcrhlkb norahts sdlgts rhscurehs lbtc

rhmotlvhmy ncrh prcjuetlvh orho Gcr kccj Lbemuslvh krcwtd wh bhhj frcoj-foshj obj

slkblgleobt lnprcvhnhbt lb dhomtd cutecnhs ublvhrsom oeehss gcr edlmjrhb tc sedccm

lberhoshj oeehss tc dlkdhr hjueotlcb obj lnprcvhj stobjorjs cg hjueotlcb lbemujlbk

salmm jhvhmcpnhbt Lt sdcumj omsc fh rhgmhethj lb fhtthr cppcrtubltlhs gcr fctd wokh

hnpmcynhbt obj mlvhmldccj obj lb lnprcvhnhbt lb prcvlslcb cg fosle onhbltlhs mlah

wothr hmhetrlelty rcojs sobltotlcb obj dcuslbk

Os gcr Lbjloldquos pmoeh lb tdh kmcfom hecbcny klvhb tdh vost jhvhmcpnhbtom edommhbkhs tdot

rhnolb jcnhstleommy lt wcumj fh jlggleumt tc lnoklbh Lbjlo osshrtlbk lts hecbcnle

jcnlbobeh lb lbthrbotlcbom norahts oby tlnh sccb Prcehsshs cg lbstltutlcbom edobkh

thbj tc toah jheojhs rotdhr tdob yhors obj os o rhsumt tdh rlsh cg Lbjlo os ob

hecbcnle suphrpcwhr wlmm cbmy ceeur cvhr o mcbk phrlcj cg tlnh Zdh bhw kcvhrbobeh

strueturh wlmm bhhj tc fh foshj cb rhprhshbtotlvh lbstltutlcbs tdot rhgmhet tdh edobklbk



983103983093

hecbcnle whlkdt cg hnhrklbk hecbcnlhs lb tdh kmcfom hecbcny fy jclbk gcmmcwlbk

rhgcrns1

Lbstltutlcbom rhgcrn tc hbdobeh tdh eopoflmlty cg pufmle shetcr lbstltutlcbs tc hbsurh


Uustolblbk roplj krcwtd obj noalbk tdh prcehss cg hecbcnle krcwtd ncrh lbemuslvh





Lnprcvh tdh fuslbhss hbvlrcbnhbt

Vhtdlba urfoblzotlcb pcmley

Ojjrhss strueturom rlkljltlhs lb tdh hecbcny tc ubmhosd tdh krcwtd pcthbtlom ―

portleumormy lb hbhrky obj nlblbk shetcr

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XBEZOJ 605 Zdh Mhost Jhvhmcphj Ecubtrlhs Vhpcrt 605 XB Pufmleotlcbs Khbhvo

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5 Lbjlo Hecbcnles1 60 Ncrkobstobmhy Vhshored Oslo

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8 Eonpfhmm V NeEcbbhmm amp Utobmhy M Fruh Hecbcnles NeKrow Dlmm XUO



983103983098



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Nuahsd Aunor NlsdroUherhtory Khbhrom

Arltyobobj XBHUEC Emuf Ionsdhjpur(Xblthj Botlcbs HECUCE-oeerhjlthj BKC)

abubhsecyodccecn

Arltyobobj XBHUEC Emuf Ionsdhjpur ls ob BKC Vhklsthrhj Xbjhr Ucelhtlhs Vhklstrotlcb Oet470

wcralbk gcr tdh olns obj purpcsh cg tdh Xblthj Botlcbs Ot tdh st pmhbory nhhtlbk Cb Iumy 65rj 606

Arltyobobj XBHUEC Emuf Ionsdhjpur wos cgglelommy krobthj sphelom ecbsumtotlvh stotus os o Bcb-

Kcvhrbnhbtom Crkoblzotlcb (BKC) wltd tdh Xblthj Botlcbsldquo Hecbcnle obj Ucelom Ecubelm (HECUCE)

Zdh HECUCE ls cbh cg 7 prlbelpom crkobs cg tdh Xblthj Botlcbs Uysthn hstofmlsdhj fy tdh XB Edorthr lb

lt8 obj shrvhs os tdh ehbtrom gcrun gcr gcrnumotlbk pcmley rhecnnhbjotlcbs rhkorjlbk lbthrbotlcbom

hecbcnle obj scelom lssuhs



983094

Uhrvleh jhmlvhry obj hxpobjlbk tdh lbemuslvhbhss cg hecbcnle krcwtd ls bhhjhj gcr

hnpcwhrnhbt obj cppcrtublty Zdh ehbtrom hnpmcynhbt edommhbkh ls tc erhoth

prcjuetlvh icfs obj mlvhmldccjs gcr tdh nlmmlcbs cg phcpmh wdc hbthr tdh mofcr gcreh

Zdhrh ls ob urkhbt bhhj gcr ncrh joto ecmmhetlcb obj stotlstleom obomyshs wdled sdcumj

glkurh prcnlbhbtmy lb tdh pcst 608 jhfoth cb tdh NJKs

Lbemuslvh jhvhmcpnhbt eomms gcr o noerchecbcnle pcmley opprcoed tdot kchs fhycbj tdh

borrcwhr kcom cg noerchecbcnle stoflmlty Zdls opprcoed bhhjs gcr hxpobjlbk tdh

bunfhr cg lbstrunhbts obj eccrjlbotlbk noerchecbcnle pcmlelhs wltd ctdhr pcmlelhs tc

stlnumoth tdh jhvhmcpnhbt cg prcjuetlvh eopoeltlhs Lt sdcumj torkht glbobelbk pufmle

lbvhstnhbt lb pdysleom obj dunob eopltom fy oeehmhrotlbk pufmle lbvhstnhbt lb

lbgrostrueturh obj rlslbk sphbjlbk cb jhvhmcpnhbt Zc jc sc wlmm rhqulrh strhbktdhblbk

kcvhrbnhbt eopoelty





krcwtd potd Zdls pophr fhklbs wltd o ecbsljhrotlcb cg tdh Gronhwcra gcr Utrcbk

Uustolbofmh obj Fomobehj Krcwtd

Vhgcrns ogthr tdh Hmhetlcbs

Lb ny vlhw ojjrhsslbk tdhsh lssuhs quleamy lb tdh pcst-hmhetlcb phrlcj wcumj dhmp tc

rhstcrh noerc stoflmlty obj rhvlvh prcjuetlvlty krcwtd1



Pcmley tc Lnprcvh tdh fuslbhss hbvlrcbnhbt

Vhgcrn urfoblzotlcb pcmley

Ojjrhss strueturom rlkljltlhs lb tdh hecbcny tc ubmhosd tdh krcwtd

pcthbtlom ― portleumormy lb hbhrky obj nlblbk shetcr1



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indian economic reforms for a strong and balanced economic governance “regaining growth with...

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