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Chapter 3 discusses the LPG reforms introduced in India in 1991 to address a balance of payments crisis, which involved liberalisation, privatisation, and globalisation. These reforms aimed to enhance economic growth by reducing government controls, transferring public enterprises to private ownership, and integrating the Indian economy with the global market. While they led to significant economic advancements, challenges such as income inequality and vulnerability to global shocks also arose.

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pushkarsaluja2288

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EN