Make a mention of some economic reforms started by India in 1991.
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New Economic Policy of India, 1991. ... It refers to ongoing economicliberalisation or relaxation started in 1991 of the countries economic policies It was introduced with the goal of making the economy more market- oriented and expanding the role of the private and foreign investment. 3.
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Some economic reforms started by India in 1991:
The major economic reforms or major policies were taken by the government of India in the year 1991 are
- Fistal Reforms - This is the key factor to restore the fiscal discipline.
- 'Monetary and Financial Sector' Reforms - This is the reforms which help to stabilize the interest rate distortions and structure of the lending rates.
- Reforms in the Capital market - This type of reform initiated to reform the capital market and aimed to remove the direct control of the government.
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