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A short note on crise of …

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A short note on crise of june 1991 in india

Posted by Raj Kumar 5 years, 5 months ago

CBSE > Class 12 > Business Studies

1 answers

Meghna Thapar 4 years, 11 months ago

The 1991 Indian economic crisis was an economic crisis in India that resulted from poor economic policies and the resulting trade deficits. ... By the end of 1990, in the run-up to the Gulf War, the dire situation meant that the Indian foreign exchange reserves could have barely financed three weeks' worth of imports. The New Industrial Policy established in 1991 sought substantially to deregulate industry so as to promote growth of a more efficient and competitive industrial economy. The central elements of industrial policy reforms were as follows: Industrial licensing was abolished for all projects except in 18 industries.

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