Question

Describe positive aspects of the strategy of indian economic development before 1991

Answer 1

important policy of economic development before 1991 were:-reduction in fertilizer subsidy, abolition of subsidy on sugar, disinvestment of a part of the government's equity holdings in select public sector undertakings, and acceptance of major

Explanation:

In 1991,Manmohan Singh the  Finance Minister, freed India from the Licence Raj, source of slow economic growth and corruption in the Indian economy.

The economic liberalisation in India contains the economic liberalisation of the country's economic policies, whichare initiated with goal of making the economy and service-oriented, and expanding the role of private and foreign investment.