why did india adopt new economic policy in 1991
india had to adopt set of economic reforms i.e. liberalisation, privatisation and globalisation because of the following factors -
1 mounting fiscal deficit
2 adverse balance of payment
3 gulf crisis
4 fall in foreign reserves
5 rise in prices
6 poor performance of public sector undertakings
1 mounting fiscal deficit
2 adverse balance of payment
3 gulf crisis
4 fall in foreign reserves
5 rise in prices
6 poor performance of public sector undertakings