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Yes All money in the world will not give you satisfaction and prestige as the education can. Women were enslaved and looked down upon due to the lack of education. As they become literate the outlook of the society improved. In fact, if you want to move within the certain segment of the people, it is important to be qualified or get a certain level of education. Superstitions have percolated to every part of the society with people blindly following them without any scientific base. They have existed since ancient times, however, educated person questions the age old customs and practices. He doesn't follow the rituals blindly because change is the name of the game on the planet. At the time of independence India was bequeathed with a shattered economy, widespread illiteracy and shocking poverty. The entire politico economics structure has to be reconstructed for genuine development of the country. Contemporary economists divide this story of India's politico economic growth into three phases, first phase being the 45 years after independence and then the decades from 1990s is called the second phase when the idea of free market economy was introduced and currently we are in the third generation reforms where existing measures are scaled up and new delivery mechanisms are being created. If these were the successes the major failure was the growth rate in national income was very slow, particularly in per capita income. A colossal and highly inefficient public sector became a drain on the resources mobilized by the government. There was rampant corruption, both political and bureaucratic; some of this corruption flowed from the regulatory structure of the economy, particularly the nightmarish maze of controls and regulations that the government imposed. The sluggish growth could not match the growing aspirations of the upcoming subordinate groups and created a chasm between the political and the economic development. The political mobilizations gave rise to aspirations of groups that now came up from below overcoming a long history of social inequality and oppression, but the economy could not match those aspirations. After the new political shift when the national government became increasingly depended on the support of powerful regional parties, the economic reforms and fiscal consolidation had a bearing. Similarly, the tension between the demands of the better-off states for more competition and those of other states which are weaker clamoring for protection and to whom Centre can ill afford to ignore politically. The major elements of changes in policy over the de-licensing and deregulation of investment and production, discontinuation of exclusive reservation of many key industries, gradual abolition of quantitative restrictions on imports, movement towards a market-determined exchange rate, reduction of average levels of direct and indirect taxes and some streamlining and rationalization of the tax structure etc. It can be safely said that the first generation reforms were aimed at institution building for macroeconomic stabilization and structural adjustments. The second generation reforms focused on liberalization and privatization. Third generation a reform is aimed at mobilizing technology, skill development and creating knowledge based infrastructure. In the third generation reforms the overall socio-economic development is designed for creating new delivery mechanisms and strengthening existing measures. Contemporary economists divide this story of India's politico economic growth into three phases, first phase being the 45 years after independence and then the decades from 1990s is called the second phase when the idea of free market economy was introduced and currently we are in the third generation reforms where existing measures are scaled up and new delivery mechanisms are being created. If these were the successes the major failure was the growth rate in national income was very slow, particularly in per capita income. A colossal and highly inefficient public sector became a drain on the resources mobilized by the government. There was rampant corruption, both political and bureaucratic; some of this corruption flowed from the regulatory structure of the economy, particularly the nightmarish maze of controls and regulations that the government imposed. The sluggish growth could not match the growing aspirations of the upcoming subordinate groups and created a chasm between the political and the economic development. The political mobilizations gave rise to aspirations of groups that now came up from below overcoming a long history of social inequality and oppression, but the economy could not match those aspirations. After the new political shift when the national government became increasingly depended on the support of powerful regional parties
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