Current Affairs - National - Discussion

The liberalization reforms of 1991, spearheaded by Dr. Manmohan Singh as Finance Minister, marked a turning point in India's economic history. These measures, including deregulation of industries and FDI liberalization, addressed the Balance of Payments crisis and transitioned India towards a market-driven economy. The reforms laid the groundwork for sustained GDP growth, global economic integration, and current policies like GST and digital infrastructure initiatives, making 1991 a landmark year in India's economic development.