Liberalization

Liberalization in the Indian economy refers to the process of reducing government control and restrictions on trade, investment, and industry to promote economic growth and efficiency. It began in 1991 when India faced a severe balance of payments crisis, leading to economic reforms under Prime Minister P.V. Narasimha Rao __________ __________ ____ ________ _________ ____ ______ __________ ______ _______ ___.
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