Economy, asked by raingamsosowung, 9 months ago

State briefly the background of indian economy which lead the new economic reform in 1991?

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Answered by MissTanya

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New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. ... Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth.

Answered by singlegirl786

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State briefly the background of indian economy which lead the new economic reform in 1991?​

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State briefly the background of indian economy which lead the new economic reform in 1991?