in the 1980 is government had to overshoot it's already low revenues? why
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. Largely, this reforms made government regulations and policies lose. ... There were many economic reforms introduced under liberalization. These included expansion of production capacity, abolishing industrial licensing by the government, de-reserving producing areas, and freedom to import goods.
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Dear student,
Inspite of low funds in 1980's government had to overshoot its revenues because the government has to overcome the problems of unemployment, poverty and high rate of population growth rate which was prevailing at that time in India. In order to make programmes and policies to overcome these problems the government need to overshoot its revenue.
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