Question

List any six reforms adopted by Indian government to bring stabilization and structural

reforms.​

Answer 1

Economics > Liberalization, Privatisation and Globalisation > Indian Economy During Reforms

Liberalization, Privatisation and Globalisation

Indian Economy During Reforms

Indian economy is one of the fastest growing economies in the world. But it was a completely different scenario in 1991. The year when new policies and reforms were introduced. The year which serves as a backbone to many of the current policies and decision

Economic Reforms in India

It was during Narasimha Rao’s government in 1991, that India met with the economic crisis which occurred due to its external debt. Due to debt, the government was not able to make the payments for the borrowings it had made from the foreign countries.

As a result, the government had to adopt new measures to reform the conditions of the Indian economy. There were many programs and initiatives introduced primarily consisted of liberalization, privatization, and globalization.