1991 Indian economic crisis

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb: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
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:Economic_liberalization_in_1991 gptkb:New_Economic_Policy_(India) gptkb:Indian_economic_reforms gptkb:India's_Economic_Reforms
gptkbp:bfsLayer	8
https://www.w3.org/2000/01/rdf-schema#label	1991 Indian economic crisis