Search results
1991 was a common year starting on Tuesday of the Gregorian calendar, the 1991st year of the Common Era (CE) and Anno Domini (AD) designations, the 991st year of the 2nd millennium, the 91st year of the 20th century, and the 2nd year of the 1990s decade.
The year 1991 was a watershed moment in the history of Economy of India. It was the year in which India formally announced it's shift towards Liberalization , Privatization and Globalization from hitherto existed Mixed economy that was predominantly a Planned economy .
The 1991 Indian economic crisis was an economic crisis in India resulting from a balance of payments deficit due to excess reliance on imports and other external factors.
Historical events from year 1991. Learn about 897 famous, scandalous and important events that happened in 1991 or search by date or keyword.
Towards the end of 1980s, India was facing a Balance of Payments (BoP) crisis, due to unsustainable borrowing and high expenditure. The Current Account Deficit (3.5 percent) in 1990-91 massively weakened the ability to finance deficit.
What happened and who was famous in 1991? Browse important and historic events, world leaders, famous birthdays and notable deaths from the year 1991.
The strategy of reforms introduced in India in July 1991 presented a mixture of macroeconomic stabilization and structural adjustment. It was guided by short-term and long-term objectives. Stabilization was necessary in the short run to restore balance of payments equilibrium and to control inflation.
Jul 5, 2016 · 25 years after the Indian economy was liberalised and opened up, here's a look at how the events of 1991 changed the country forever.
1991 was a common year starting on Tuesday of the Gregorian calendar, the 1991st year of the Common Era (CE) and Anno Domini (AD) designations, the 991st year of the 2nd millennium, the 91st year of the 20th century, and the 2nd year of the 1990s decade.
Nov 9, 2016 · 1991:The Year that changed India. The year 1991 will always be remembered for the economic reforms that proved to be a watershed moment in the Indian economy. It put India on the global map and made it a flourishing market that it remains till today.
