The economic reforms initiated in 1991 were largely out of compulsion to avoid the government defaulting on its debts. Yet, the fact that India chose to massively reform the regulations instead of some other alternative has had lasting positive effects 30 Years of Economic Reforms | Forced to change for the good
The economic reforms initiated in 1991 were largely out of compulsion to avoid the government defaulting on its debts. Yet, the fact that India chose to massively reform the regulations instead of some other alternative has had lasting positive effects 
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