Search results
Results from the WOW.Com Content Network
The reforms drew heavy scrutiny from opposition leaders. The New Industrial Policy and 1991 Budget was decried by opposition leaders as "command budget from the IMF" and worried that withdrawal of subsidies for fertilizers and hikes in oil prices would harm lower and middle-class citizens. [27]
However, by 1991, the country was facing a severe balance of payments crisis, as it was unable to service its debt and was running out of foreign exchange reserves. [19] There were also structural problems in the Indian economy that contributed to the crisis, including low savings and investment rates, and inadequate export growth.
Events in the year 1991 in the Republic of India. The year 1991 was a watershed moment in the history of Economy of India . It was the year in which India formally announced its shift towards Liberalization , Privatization and Globalization from hitherto existed Mixed economy that was predominantly a Planned economy .
A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful employment and to encourage the growth of entrepreneurship and upgrades to technology. [3] That year the SICA was amended to include public sector enterprises in the board's purview. [4]
While Vinay Sitapati's book Half Lion: How P.V. Narasimha Rao transformed India (2016) gives a renewed biographical picture of his entire life, [109] Sanjay Baru's book 1991: How P V Narasimha Rao made history (2016) [110] and Jairam Ramesh's book From the brink to back: India's 1991 story (2015) [111] focuses on his role in unleashing the ...
A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. [6] Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade ...
The process of economic liberalisation in India began in 1991 when India defaulted on her loans and asked for a $1.8 billion bailout from the IMF. [9] This was a trickle-down effect of the culmination of the cold war era; marked by the 1991 collapse of the Soviet Union, India's main trading partner.
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Civil services examination in India This article is about the examination in India. For civil service examinations in general, see civil service entrance examination. This article may need to be rewritten to comply with Wikipedia's quality standards. You can help. The talk page may ...