Question

why the financial sector preceded the economic reforms in  India in the early 1990s. ​

Answer 1

Answer:

First, financial reforms in the early 1990s were preceded by measures aimed at lessening the extent of financial repression. That is why despite several changes in government there has not been any reversal of direction in the financial sector reform process over the last 15 years. Thus, this is the reason why the financial sector preceded the economic reforms in  India in the early 1990s.

This is the answer.

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Answer 2

First, financial reforms in the early 1990s were preceded by measures aimed at lessening the extent of financial repression. ... That is why despite several changes in government there has not been any reversal of direction in the financial sector reform process over the last 15 years.