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Economic Changes In India: An Overview

Economic Changes In India: An Overview

India witnessed a change in economic policies in the year 1991. Although the economy of the country was stable, it saw no real growth. In order to make the existing economy more market and service oriented and to increase the role of private and foreign investment, economic liberalisation was initiated. During the 1980s and 90s as the entire world was going through major changes, organizations like the World Bank and IMF were emerging in the global economy. Most of the…

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