Indian Industrial Policy and Economic Reforms Since 1991

Understanding the policy decisions that shaped India's modern economy is essential for anyone interested in global business, development economics, or public policy. This course provides a comprehensive foundation in the historic and ongoing shifts in India's industrial strategies. You will trace the journey from the highly regulated era of industrial licensing to a liberalized, globally integrated market. By analyzing key policy frameworks, you will gain the critical thinking skills needed to evaluate economic reforms, foreign direct investment trends, and modern manufacturing initiatives. What you'll learn: - Analyze the landmark 1991 Industrial Policy reforms and their role in liberalizing the Indian economy - Understand the evolution of policies supporting small-scale industries and modern MSMEs - Evaluate major national initiatives including Make in India, Ease of Doing Business reforms, and modern Production Linked Incentive schemes - Examine the shifting landscape of Foreign Direct Investment regulations and their impact on domestic growth - Identify the structural constraints to industrial growth and the strategic solutions proposed in recent policy drafts The course begins with foundational economic concepts and a historical overview of the pre-1991 era before diving deep into the landmark reforms. You will progress through the evolution of manufacturing policies, foreign investment frameworks, and contemporary ease-of-doing-business initiatives through structured written analyses and case studies. This course is designed for beginners, students of economics, public policy aspirants, and business professionals. No prior background in Indian economic history or advanced economics is required. Start reading today to build a clear, structured understanding of the policies driving India's economic growth.