ranjan

Economic reforms are often painful in the short term and hence unpopular, but does not mean that Reform - minded leaders always pay a price at the ballot box. The question is timely, because Economic Policy Agenda in both advanced and developing economies is increasingly focused on structural reforms, amid weak medium-term growth and limited fiscal space. Policies that change the way Governments work range from reducing regulatory barriers to competition and opening to trade and financial flows to increasing labour market flexibility. They are motivated by objectives which include Investment, Raising productivity and employment thereby making economy more resilient to shocks. While there has been broad agreement on economic benefits of structural reforms, the Political impact is less settled. This is due to reforms may generate gains for society as a whole only in longer term while effecting short-term pain on some sectors. Those affected may be highly vocal and organised. In suc