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• 1991 reforms economic reforms fiscal policy globalization GS Paper 3 Indian Economy liberalization LPG policy privatization UPSC
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ECONOMIC REFORMS IN INDIA

Economic reforms refer to the significant policy shifts that a country undergoes to transform its economic structure, usually from a predominantly state-controlled or planned economy to a market-oriented economy. These reforms are typically characterized by liberalization, privatization, deregulation, and globalization. They aim to enhance the efficiency and competitiveness of the economy, attract foreign investment, stimulate …

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