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What is Impact of 1991 Liberalisation on India about?

Without the 1991 liberalisation, India would likely have faced limited access to global markets, slower advancements in technology, and poorer development metrics. The economy might have resembled that of closed economies like Venezuela, with increased socialism and significant restrictions on opportunities. Overall, the liberalisation was a crucial turning point that allowed for greater competitiveness and progress in various sectors.

Author

kashvipathania20

Language

EN