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Rahul asked in Social ScienceEconomics · 1 decade ago

What led india to liberalize its economy in 1991 ?

3 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    That time india was in a bad financial state. thus india had to open its markets for foreign investors so that some money could come to india. using this money india was able to pay off its debts.

  • Not only IMF - economy liberalization leads to more efficient processes - so it's more question of rational choice and knowledge - as consequence of development.

  • 1 decade ago

    Pressure of IMF.

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