2nd Generation Reforms in India

Second Generation Reforms

Presented by –

Abhishek Puri 207/12

Shrey 227/12

Ankit Saxena 235/12

Ratika Sood 239/12

Prachi Singhai 268/12

Flow Of Presentation

Objective

 Introduction

 Need For Second Generation Reforms

 Financial Reforms

 Corporate Social Responsibility.

 Corporate Governance Reforms

 Whistleblower Act

 Case Study



Objective



To study the Second Generation Reforms

and understand the reforms with the help of

few case studies.

Second Generation Reforms ?



The term `second generation reform' was coined by the

IMF to insulate developing countries from

marginalisation in the wake of globalisation

.



In the context of Indian Economy the concept deals

with the Financial , Social ,Economic and Technological

reforms to promote stability and generate growth

impulses for the real economy.



Second Generation Reforms must be based on the longterm vision of transforming India into a global economic

power in the next twenty to twenty-five years.

Source -http://www.thehindubusinessline.in/2000/02/28/stories/122820pr.htm

Need of Second Generation

Reforms

After completing one and a half decades, we

can say that the ‘first generation reforms

were “crisis-driven.”

 An appraisal of the achievements and

shortcomings of the reforms necessitated

the

need

to

reform

the

reform

process undertaken during the nineties.

 The need for a changing growth strategy paved

the way for ‘second generation reforms based

on the motto of the attainment of “growth with

social justice.”



Need for Government of India and

States

European countries suffer from massive

debt burdens and downgrading of their

sovereign debts, India too suffers from a

similar malaise of high government debt.

 Bear Sterns and Lehman Brothers went

from strong financial institutions to

bankruptcy in a matter of weeks.

 Greece went from being solvent to

insolvency in a short period of six

months.

...