Question

What were the reasons behind adopting economic reforms in India during the decade of 1990s? Present o detailed aanalysis

Answer 1

Answer:

ᴇᴄᴏɴᴏᴍɪᴄ ʀᴇғᴏʀᴍs ᴡᴇʀᴇ ɪɴᴛʀᴏᴅᴜᴄᴇᴅ ɪɴ ɪɴᴅɪᴀ ʙᴇᴄᴀᴜsᴇ ᴏғ ᴛʜᴇ ғᴏʟʟᴏᴡɪɴɢ ʀᴇᴀsᴏɴs:

ᴘᴏᴏʀ ᴘᴇʀғᴏʀᴍᴀɴᴄᴇ ᴏғ ᴛʜᴇ ᴘᴜʙʟɪᴄ sᴇᴄᴛᴏʀ.

ᴀᴅᴠᴇʀsᴇ ʙᴏᴘ ᴏʀ ɪᴍᴘᴏʀᴛs ᴇxᴄᴇᴇᴅᴇᴅ ᴇxᴘᴏʀᴛs.

ғᴀʟʟ ɪɴ ғᴏʀᴇɪɢɴ ᴇxᴄʜᴀɴɢᴇ ʀᴇsᴇʀᴠᴇs.

ʜᴜɢᴇ ᴅᴇʙᴛs ᴏɴ ɢᴏᴠᴇʀɴᴍᴇɴᴛ.

ɪɴғʟᴀᴛɪᴏɴᴀʀʏ ᴘʀᴇssᴜʀᴇ.

ᴛᴇʀᴍs ᴀɴᴅ ᴄᴏɴᴅɪᴛɪᴏɴs ᴏғ ᴡᴏʀʟᴅ ʙᴀɴᴋ ᴀɴᴅ ɪᴍғ.

Answer 2

Answer:

According to the findings in the report, India's average economic growth between 1970 and 1980 has been 4.4%, which rose by 1 percentage point to 5.4% between the 1990 and 2000. The major structural changes of opening India's economy led to an impressive average growth of 8.8% between 2000 and 2010