1991 Indian economic crisis

GPTKB entity

Statements (31)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:category gptkb:Economic_history_of_India
gptkb:History_of_India_(1947–present)
Financial crises
gptkbp:cause balance of payments crisis
high fiscal deficit
low foreign exchange reserves
gptkbp:country gptkb:India
gptkbp:currencyReserves less than $1 billion
gptkbp:effect structural reforms
IMF bailout
devaluation of Indian rupee
economic liberalization in India
gptkbp:governmentResponse gptkb:New_Economic_Policy_1991
Liberalization, Privatization, and Globalization reforms
https://www.w3.org/2000/01/rdf-schema#label 1991 Indian economic crisis
gptkbp:loanFrom gptkb:International_Monetary_Fund
gptkb:World_Bank
gptkbp:notablePerson gptkb:Manmohan_Singh
gptkb:Chandra_Shekhar
gptkb:P._V._Narasimha_Rao
gptkbp:precededBy Gulf War 1990-1991
high inflation in late 1980s
gptkbp:relatedEvent Indian gold reserves airlifted to Bank of England
gptkbp:resultedIn privatization of state-owned enterprises
reduction of import tariffs
deregulation of markets
opening up of Indian economy
gptkbp:startDate 1991
gptkbp:bfsParent gptkb:New_Economic_Policy_(India)
gptkbp:bfsLayer 7