Chapter Wise Topic Wise Lesson Plan Class 11 Economics (Book 1) Chapter 3 Liberalisation, Privatisation And Globalisation: An Appraisal

The lesson plan for “Liberalisation, Privatisation, and Globalisation: An Appraisal” from Class 11 Economics (Book 1) provides a comprehensive understanding of the economic reforms introduced in India in 1991. It explores the key concepts of liberalisation, privatisation, and globalisation (LPG), focusing on their impact on the Indian economy. The lesson outlines the need for reforms, highlighting challenges such as high fiscal deficits, inflation, and foreign exchange shortages. It discusses how LPG policies helped in modernising industries, boosting exports, increasing competition, and attracting foreign investments. Additionally, the lesson critically evaluates the benefits and drawbacks of these reforms, encouraging students to assess the changes in employment, income distribution, and the role of the public sector. Through this lesson, students gain insights into India’s economic growth and the globalisation process.