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1991 was a year of significant changes and conflicts in the world, such as the dissolution of the Soviet Union, the Gulf War, and the Yugoslav Wars. It also marked the beginning of the internet era, the end of apartheid in South Africa, and the rise of the US economy.
Learn about the Balance of Payments crisis that India faced in 1991, due to various factors such as the break-up of the Soviet Bloc, the Gulf War, and fiscal indiscipline. Explore the macroeconomic indicators, the impact on trade and industry, and the political uncertainty that exacerbated the situation.
Browse the calendar of events that happened in 1991, from Iraq's invasion of Kuwait to the fall of the Berlin Wall. Find out the highlights, birthdays, deaths, and more of this year in history.
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 .
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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.
Aug 13, 2019 · India post 1991: The Wonder Years. The years after 1991 witnessed much more than economic liberalisation, and tumbled through euphoria and horror in equal measure. By Brian Carvalho Editor,...
Find out what happened in 1991, from major events like the Gulf War and the fall of the Soviet Union, to famous births and deaths of celebrities and leaders. Browse by month, category, or keyword and discover fun facts and trivia about 1991.
