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6) Institutions play critical role in growth and development process. In India, pre-liberalisation structures have not adequately adapted to new realities and requirements. Important post-liberalisation structures, meanwhile, clearly struggle to develop the capabilities needed to perform effectively in a rapidly evolving environment. Critically discuss issues related to these two sets of institutions and suggest what needs to be done.

TopicIssues relating to growth and development; Also interconnected to first few topics in Paper – 2

6) Institutions play critical role in growth and development process. In India, pre-liberalisation structures have not adequately adapted to new realities and requirements. Important post-liberalisation structures, meanwhile, clearly struggle to develop the capabilities needed to perform effectively in a rapidly evolving environment. Critically discuss issues related to these two sets of institutions and suggest what needs to be done. (200 Words)

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