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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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Why did India change its economic policies in 1991?

Solution

India changed its economic policies in 1991 due to a financial crisis and pressure from international organisations like the World Bank and IMF.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

What does foreign direct investinent mean?

What does fiscal deficit indicate?

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