Question

What triggered the india economic reforms of 1991? Explain in detail?

Answer 1

Hey mate!

I am here with your answer!

The economic liberalisation in India refers to the changes and reforms, initiated in 1991, of the country's economic policies, with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment.

The main objectives behind the launching of the New Economic policy (NEP) in 1991 by the union Finance Minister Dr. Manmohan Singh are stated as follows: 1. The main objective was to plunge Indian economy in to the arena of 'Globalization and to give it a new thrust on market orientation.

Hope this will help you!

Answer 2

Answer:

hi Mate

here's ur answer in this attachment