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What is Economic Reforms and Public Sector in India about?
The document discusses the benefits of a dominant public sector in India and outlines the reasons for economic reforms, including inefficient management, poor public sector performance, balance of payments deficits, inflation, debt burdens, and declining foreign exchange reserves. In response to the 1991 economic crisis, the Indian government sought loans from the World Bank and IMF, leading to the announcement of a new economic policy aimed at liberalization, privatization, and globalization. The policy in
- Author
- Naveen Yadav
- Language
- EN