1991 Reforms & 2021 Crisis

Note: This topic is important for TISSNET. The liberalisation regime, which began in 1991 and ended in 2021, has been in place for 30 years. 1991 was a watershed point in India’s post-independence history, fundamentally altering the nature of the economy. In 1991, a significant balance of payments problem precipitated a catastrophic economic downturn. In …

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