Subject: Economics
Book: Comprehensive Indian Economy
In 1991, India faced a severe balance of payments crisis that triggered sweeping reforms known as Liberalization, Privatization, and Globalization (LPG). These reforms dismantled the license-quota system, opened markets to foreign investment, devalued the rupee for export competitiveness, and paved the way for private sector efficiency. The goal was to integrate India with the global economy and revive growth by reducing state controls. Exam-oriented insights include the reasons for the crisis, specifics of structural adjustment policies, and the impact on sectors like banking, trade, and manufacturing over subsequent decades.
Which of the following is a direct tax?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
View QuestionWhich of the following is an example of a capital receipt for the government?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat does “primary sector” of the economy include?
View QuestionWhich of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhat is the main aim of Public Distribution System (PDS) in India?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
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