why were reforms introduced in india
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Economic reforms were introduced in the year 1991 in India to combat economic crisis. ... It was in that year the Indian government was experiencing huge fiscal deficits, large balance of payment deficits, high inflation level and an acute fall in the foreign exchange reserves.
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Economic reforms were introduced in the year 1991 in India to combat economic crisis. ... It was in that year the Indian government was experiencing huge fiscal deficits, large balance of payment deficits, high inflation level and an acute fall in the foreign exchange reserves.
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