Question

what was the essence of the policy change that began in 1991​

Answer 1

It wanted to permit the international flow of goods, services, capital, human resources and technology, without many restrictions. It wanted to increase the participation of private players in the all sectors of the economy. That is why the reserved numbers of sectors for government were reduced.

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Answer 2

Answer:

* Liberalisation

* Privatisation

* Globalisation