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  2. Economic liberalisation in India - Wikipedia

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

    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]

  3. 1991 Indian economic crisis - Wikipedia

    en.wikipedia.org/wiki/1991_Indian_economic_crisis

    [18] [21] [28] The government, in the midst of the 1991 Indian general elections, conducted the airlift with secrecy. [29] The news of the government pledging the entire gold reserves against the loan outraged national sentiments and caused a public outcry. [18] [24] The gold was transported to London via a chartered plane from May 21 to May 31 ...

  4. 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.

  5. 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 .

  6. 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 ...

  7. 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]

  8. Economy of India - Wikipedia

    en.wikipedia.org/wiki/Economy_of_India

    For a continuous duration of nearly 1700 years from the year 1 CE, India was the world's largest economy, constituting 35 to 40% of the world GDP. [108] The combination of protectionist, import-substitution, Fabian socialism, and social democratic-inspired policies governed India for sometime after the end of British rule.

  9. History of the oil industry in India - Wikipedia

    en.wikipedia.org/wiki/History_of_the_oil...

    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.