2nd Generation Reforms in India

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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


 Introduction

 Need For Second Generation Reforms

 Financial Reforms

 Corporate Social Responsibility.

 Corporate Governance Reforms

 Whistleblower Act

 Case Study


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


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







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


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