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What is Impact of India about?
1. In 1991, India faced a severe economic crisis due to issues with its balance of payments, which prompted major economic reforms. 2. The response involved stabilization policies to address fiscal and balance of payments weaknesses, as well as structural reforms to remove rigidities in the economy. 3. The new economic policy, led by then-Prime Minister Manmohan Singh, aimed to liberalize and globalize the Indian economy by reducing restrictions to encourage private participation and integrate India int
- Author
- Shreyash Bhagat
- Language
- EN