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3.3 Exhaustion of state-led development

Course video 17 of 52

This section will look at the trajectory of India's economic development. It has changed from a state-led economic development model to the one where through a series of a reforms the economy has become more pro-business and market-friendly. You will be introduced to the basic features of first and second-generation reforms, the transformation of the economy since India liberalized in 1991 and the challenges of poverty and job creation that still needs to be tackled.

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