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1991 was the final year of the Cold War, the year of the Gulf War, the year of the Soviet Union collapse, and the year of the World Wide Web release. It was also a year of economic liberalization in India, apartheid reform in South Africa, and the end of the Yugoslav Wars.
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.
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Internet is made availableto unrestricted commercial use and number of computers on the net reaches 1 million Linus Torvalds releases first version of the Linux operating system kernel The American Galileo spacecraftmakes its closest approach to 951 Gaspra, becoming the first probe to visit an asteroid Microsoft Releases MS Dos 5.0 Blue Rosesproduc...
The release of Nirvana's Nevermind signified the start of the Grunge era that would dominate the music scene up to the mid-90's.
Terminator 2: Judgment Day Robin Hood: Prince of Thieves The Silence of the Lambs Hook The Addams Family Sleeping with the Enemy Father of the Bride The Naked Gun 2½: The Smell of Fear Beauty and the Beast Backdraft Beethoven Thelma & Louise
Pearl Jam Whitney Houston with All The Man That I need Michael Jackson with black and White Queen Bryan Adams with Everything That I do I do it for You Erasure Marillion Phil Collins Guns N' Roses Mariah Carey with Someday Metallica Amy Grant Beverly Craven Cher Gloria Estefan R.E.M. Janet Jackson Extreme Boyz II Men U2 Van Halen The Clash Paula Ab...
Learn about the historical events, cultural trends, and famous people of 1991, such as the Gulf War, the breakup of the Soviet Union, and the release of the Super Nintendo Entertainment System. Find out what happened in 1991 in politics, science, sports, entertainment, and more.
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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 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. [1] India's economic problems started worsening in 1985 as imports swelled, leaving the country in a twin deficit: the Indian trade balance was in deficit at a time when the ...
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.
Dec 26, 2005 · With the centralised, regulated economy plunging into deeper debt, India faced a real possibility of defaulting on its sovereign obligations. Foreign exchange reserves fell to $5.8 billion. Just when all hope seemed lost, it dragged itself, kicking and screaming, into a new liberalised era. Story of the year February 15.
