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Q.

What was the significance of 1991 liberalization in india?

Tags: sports, politics & government, religion & spirituality
Asked by kumar, 29 Nov '11 12:30 pm
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Answers (2)

 
1.

In 1991, India adopted free market principles and liberalized its economy to international trade under the guidance of current Prime Minister Manmohan Singh, who then was the Finance Minister of India under the leadership of P.V.Narasimha Rao the then Prime Minister. Following these strong economic reforms, the country's economic growth progressed at a rapid pace with very high rates of growth and large increases in the incomes of people.
Source: wiki
Answered by PARTHA PATHAK, 29 Nov '11 12:37 pm

 
  
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2.

It led to the ongoing economic reforms in India started on 24 July 1991

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Answered by Shiva Reddy, 29 Nov '11 12:39 pm

 
  
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