Question

why indian government adopted economic reform in 1991

Answer 1

Economic Reforms in India. It was during Narasimha Rao's government in1991, that India met with theeconomic crisis which occurred due to its external debt. ... As a result, thegovernment had to adopt new measures to reform the conditions of the Indian economy.

Answer 2

Economic Reforms in India. It was during Narasimha Rao's government in 1991, that India met with the economic crisis which occurred due to its external debt. Due to debt, the government was not able to make the payments for the borrowings it had made from the foreign countries.