Why liberalisation was introduced?

It introduced to put end to those controls and restrictions and open various sectors of economy.
Though few liberalization measures were introduced in 1980s in areas of industrial license, export -import but reforms in 1991 was more comprehensive.
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Liberalisation was introduced by Government of India in 1991 so that indian companies can compete with foreign companies and increase the standard of their products ,adopt to the new technology .
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Liberalisation was introduced by Government of India in 1991 so that indian companies can compete with foreign companies and increase the standard of their products ,adopt to the new technology .
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