During The Vajpayee Government In India's Economic Reforms

Since 1990s, the Rao Government has been taking the domestic economic crisis as the turning point to start the economic reforms of "liberalization", "marketlization", "privatization" and "globalization", which strides the substantial steps of the India's economy development. Being a new milestone in India's modern economic development, Rao's Reform is regarded to be the Second Independence. Vajpayee Government's economic reform inherited the policy of liberation of economy, which is initiated by the Rao Government, and advanced the development of the reform continuously. At the moment of diplomatic and economic achievements were being shown one after another, complacent Vajpayee, with the thought of grasping the election, called the election in ahead of time. The result was disappointing, while the contrast is thought -provoking. From the angle that economy and politics influence mutually, this paper analyzes the background, concept and policy, the counteractive of policies to economy, the misplays and the problems existed of the Reform of Vajpayee Government as well as its reference functions to other developing countries. The lead-in introduces the significance of choosing the topic, current situations of both domestic and foreign research and the innovation points of the paper. The first chapter is mainly about the brief comment on the Reform concept, effects and the problems of the Rao Government. The second chapter is mainly about the analysis on the factors that influence the speed of Reform of Vajpayee Government and its concept, policy as well as the achievements and problems. The third chapter is mainly about the mutual influences between political factors and economic reform. The fourth chapter is mainly both about the analysis on the effects that economic reform has on Vajpayee's dropping the reins of government and the theoretical summary of India's economic reforms...