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Growth and Employment

The GDP has increased but this has not lead to the generation of sufficient jobs to counter unemployment.

Reforms in Agriculture
The reforms have not really been of any use to the agricultural sector where the GDP has come down. Public investment in this sector especially in infrastructure like power, irrigation, research and roads came down during the reform period. The removal of fertilizer subsidy increased the cost of production and affected the farmers adversely. The advent of WTO meant the removal of minimum pricing and the removal of restriction of foreign goods in the Indian market. This has also badly affected the tillers because they face stiff international competition. Since export duties have been lifted, the focus has been shifted to growing cash crops for export rather than food grains, which means that the prices of food grains are under pressure.

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