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Economics

Economic Reforms since 1991

1991 के बाद के आर्थिक सुधार

This Class 11 Economics chapter examines the economic reforms introduced in India in 1991 in response to a serious balance of payments crisis. Students learn about the New Economic Policy and its three major elements—liberalisation, privatisation and globalisation (LPG)—along with changes in trade, industry, investment and the public sector. The chapter also considers the reforms’ effects on growth, employment, poverty and inequality, helping students understand both their achievements and limitations.

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