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Development Strategies during PM Vajpayee for Indian Structural Development

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  • N. M. P. Verma

    (Babasaheb Bhimrao Ambedkar University, India)

Abstract

Since last year, 2022, India has been celebrating Amrit Kal. This is the seventy-fifth year of independence and marks the platinum jubilee celebration. In this context, it is high time to analyse the contributions of Prime Minister Atal Bihari Vajpayee, who laid a strong foundation of capacity building and structural changes in the economy. He also made the economy widely open through trade networks and foreign exchange mobilization. The purpose of the present paper is to highlight important initiatives of Vajpayee during his two terms as PM and to make the UP state and the country a very strong one. In this paper, we have focused on infrastructural change, disinvestment, and fiscal prudence. The paper is based on secondary sources of data. The trend line has been estimated based on time series data for highways. The paper concludes that the origination of the National Highway Authority of India, disinvestment in sick PSUs, and fiscal prudence are core strategies that improved the Indian economy. Needless to say, UP and Uttarakhand jointly are the biggest states in the country.

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Handle: RePEc:epw:develo:v:3:y:2023:i:5:id:15296
DOI: 10.24018/ejdevelop.2023.3.5.296
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