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What is 1991 India Economic Reforms Overview about?

The economic reforms of 1991 in India, known as the New Economic Policy, shifted the country towards a market-oriented economy in response to a balance of payments crisis. These reforms led to liberalization, privatization, and globalization, resulting in increased economic growth, sectoral transformation, and improved living standards, but also exacerbated income inequality and urban-rural disparities. The consequences of these reforms continue to influence India

Author

Navya Jha

Language

EN