About this document
LPG: Economic Reforms in India by sayooj tv is a document available to read on EtoBox.
1) In 1991, India faced a financial crisis with falling foreign exchange reserves and mounting government debt, which required it to seek an IMF loan. 2) To receive the loan, India agreed to implement economic reforms known as the New Economic Policy (NEP), involving liberalization, privatization, and globalization. 3) The NEP aimed to open the Indian economy and reduce the government
- Author
- sayooj tv
- Language
- EN