About this document
Understanding Economic Reforms in India by Sumit Bain is a document available to read on EtoBox.
The document discusses the meaning and need for economic reforms in India. It explains that economic reforms were introduced in 1991 to liberalize the economy and accelerate growth. Reforms included liberalization, privatization, and globalization. Key reasons for reforms were the poor performance of public sectors, adverse balance of payments, high fiscal deficit, and inflationary pressures.
- Author
- Sumit Bain
- Language
- EN