Question

Why did the Government of India change the old economic policy in 1991? (2)

Do the following two statements mean the same? Justify your answer. plz plz plz say the answer its an urgent ​

Answer 1

Answer:

Limit of foreign investment in bank was raised to 51%. Banks were allowed to set up new branches after RBI's approval. In order to reduce tax evasion, corporate and income taxes were reduced. Considerable reforms have been made in indirect taxes.

Explanation:

mark as brainlist

Answer 2

Limit of foreign investment in bank was raised to 51%. Banks were allowed to set up new branches after RBI's approval. In order to reduce tax evasion, corporate and income taxes were reduced. Considerable reforms have been made in indirect taxes.