Part one of term paper
The new paradigmatic shifts, since the liberalisation process took off, after unshackling the socialistic edifice, has brought a perceptible change in the Indian economy. The growth in real Gross Domestic Product (GDP) during the last three years, i.e. during 1994-1997, ranged from 7.2% to 7.5%. The current year, 1997-98 is an exception at 5 ...

Part two of term paper
... 1997-98 saw a decline to 194.1 mln tons. The share of Gross Domestic Savings (GDS) to GDP increased to 26.1% in 1996-97 from 25.3 in 1995-96. Prior to this, the savings had stagnated at 22-23% during the entire period of 1989-95. Gross Fiscal Deficit of the Government of India, as a percentage of GDP, has diminished from 6.1% in 1994-95 to 4.9% in 1996-97 and was targeted down further to 4.5% for 1997-98, according to the 1997-98 budgetary estimates. But due to the Central Government’s turnover an ...