Liberalization Privatization Globalization — Mains Questions

Evaluate the impact of Liberalization, Privatization, and Globalization (LPG) reforms on India's economic growth and social equity since 1991. What are the major criticisms and how have recent policies attempted to address them?

Discuss the constitutional and legal frameworks that underpinned and evolved with India's economic reforms since 1991. How have these frameworks facilitated or constrained the implementation of Liberalization, Privatization, and Globalization?

Analyze the concept of 'Graduated Economic Sovereignty' in the context of India's post-1991 economic reforms. How did this approach shape the outcomes of liberalization, privatization, and globalization, and what lessons can be drawn from it?