Question

Mention any three causes which were responsible for economic reforms

Answer 1

The following are the reasons for economic reforms:
(i) Rise in Prices
(ii) Rise in Fiscal Deficit
(iii) Increase in Adverse Balance of Payments
(iv) Iraq War
(v) Dismal Performance of PSU's (Public Sector Undertakings)
(vi) Fall in Foreign Exchange Reserves

Answer 2

The following are the reasons for economic reforms

(i) Rise in Prices

(ii) Rise in Fiscal Deficit

(iii) Increase in Adverse Balance of Payments

(iv) Iraq War

(v) Dismal Performance of PSU's (Public Sector Undertakings)

(vi) Fall in Foreign Exchange Reserves

Economic development of the country- A country's general economic health can be measured by looking at that country's economic growth and development. It is one of the factor responsible for new economic policy of liberalisation, privatisation and globalisation.

Hope this hels you, please mark as brainliest.