How did economic reforms implement in India
Answers
Answered by
2
Answer:
Economic Reforms refer to the fundamental changes that were launched in 1991 with the plan of liberalising the economy and for quickening its rate of economic growth. The Narasimha Rao Government, in 1991, started the economic reforms in order to rebuild internal and external faith in the Indian economy.
Answered by
0
The reform was prompted by a balance of payments crisis that had led to a severe recession. Specific changes included reducing import tariffs, deregulating markets, and reducing taxes, which led to an increase in foreign investment and high economic growth in the 1990s and 2000s.
Similar questions