Economic Reforms and Current Issues — Mains Questions

Critically analyze the factors that led to the 1991 economic crisis in India and evaluate the immediate and long-term impacts of the subsequent reforms on the Indian economy.

The second generation of economic reforms in India focused on deepening structural changes rather than just opening up. Discuss the key areas of these reforms and critically assess their measurable effects on India's economic development.

Examine the contemporary economic challenges facing India in the 2020-2024 period, particularly in the context of post-COVID recovery and global disruptions. What policy measures has the government undertaken to address these issues?