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Economic Reforms Part 1 Unit 7
What year marked the beginning of India's major economic reforms?
India launched its landmark economic reforms in 1991, triggered by a severe balance of payments crisis and near-depletion of foreign exchange reserves.
What is the 'New Economic Policy' (NEP) introduced in India in 1991?
Reform package of LPG: Liberalisation, Privatisation, and Globalisation.
Which policy framework guided India's economic reforms of 1991?
The New Economic Policy (NEP) of 1991 guided the reforms, comprising three pillars: Liberalisation, Privatisation, and Globalisation (LPG).
Which Finance Minister presented India's landmark 1991 reform budget?
Dr. Manmohan Singh presented the 1991 reform budget.
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