Question

Explain Economic Reforms of 1991

TNSCERT Class 10 Economics Ch 2 Indian Economy After Independence

Answer 1

Economic reforms of 1991
Liberalization
Privatization
Globalization
These reforms helped India in making its unique and independent image in front of whole world

Answer 2

Explain Economic Reforms of 1991  is as follows:

• Industrialization in rapid manner was the of the Economic Reforms of 1991. In the economic policies of countries, beginning of economic relaxation in 1991 is referred by this.
• The government took industrial licensing abolition, allowance of foreign investment, coexistence of private and public sector for economic reforms.
• The main objects of the Economic Reform of 1991 was reduction of the inflation rate and removal of payment imbalance.