A Study on Open Economy and Its Liberalisation

The objective of this study is to shed light on the determinants of Open Economy in India. The paper discusses the move of allowance of Open Economy. The initial step took towards economy reform and liberalization took by the Central Government of India with respect to its reasons and effects on different sectors in India. The effect of policies introduced and applied in economy. Issues concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and infrastructure are briefly discussed. The paper is based on secondary data collected from different newspapers and online sources, mentioned in references.