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  2. Economic liberalisation in India - Wikipedia

    en.wikipedia.org/wiki/Economic_liberalisation_in...

    The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.

  3. Industrial policy - Wikipedia

    en.wikipedia.org/wiki/Industrial_policy

    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 ...

  4. 1991 Indian economic crisis - Wikipedia

    en.wikipedia.org/wiki/1991_Indian_economic_crisis

    As reported by the New York Times, "Mr. Rao, who was sworn in as Prime Minister last week, has already sent a signal to the nation—as well as the I.M.F.—that India faced no "soft options" and must open the door to foreign investment, reduce the bureaucratic red tape that stifles initiative, and streamline industrial policy." [34]

  5. Board for Industrial and Financial Reconstruction - Wikipedia

    en.wikipedia.org/wiki/Board_for_Industrial_and...

    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]

  6. 1991 in India - Wikipedia

    en.wikipedia.org/wiki/1991_in_India

    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 .

  7. New International Economic Order - Wikipedia

    en.wikipedia.org/wiki/New_International_Economic...

    The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy. [ 1 ] [ 2 ] The main NIEO document recognized that the current international economic order "was established at a time when most of the developing countries did not ...

  8. Disinvestment in India - Wikipedia

    en.wikipedia.org/wiki/Disinvestment_in_India

    Another key prospect of the 1991 policy was to end "red-tapism" which was known as Industrial licensing, wherein the requirement to get a license to start a private sector industry was abolished. Thereby, cutting down unnecessary delays in establishing an industrial unit by any private entity.

  9. Narasimham Committee - Wikipedia

    en.wikipedia.org/wiki/Narasimham_Committee

    The Committee submitted its report to the Finance Minister in November 1991 which was tabled in Parliament on 17 December 1991. [6] The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. [4]