Question

State three main reason to profound or established economic reforms in india. please give the correct answer, don't give just otherwise i may report your answer​

Answer 1

Answer:

Main Reasons for Economic Reforms in India

(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..

Explanation:

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Answer 2

Answer:

The following factor became the reason for economic reforms to be introduced in India.

(I) High fiscal deficit,Debt trap, and low foreign exchange Reserves Government expenditure exceeded the revenue from various sources such as taxation,earning from public sector enterprises etc. due to high expending on social sector.

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