Indian economic crisis of 1991

URI: https://gptkb.org/entity/Indian_economic_crisis_of_1991
GPTKB entity
Statements (33)
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:effect structural reforms
IMF bailout
devaluation of Indian rupee
economic liberalization in India
gptkbp:foreignExchangeReserves less than $1 billion
https://www.w3.org/2000/01/rdf-schema#label Indian economic crisis of 1991
gptkbp:IMFLoanAmount $2.2 billion
gptkbp:notablePerson gptkb:Manmohan_Singh
gptkb:P._V._Narasimha_Rao
gptkbp:policy gptkb:government
gptkb:New_Economic_Policy_1991
globalization
liberalization
gptkbp:precededBy period of economic stagnation
gptkbp:relatedEvent gptkb:Gulf_War
collapse of Soviet Union
gptkbp:resultedIn gptkb:abolition_of_License_Raj
reduction of taxes
increase in foreign investment
reduction of import tariffs
deregulation of markets
opening up of Indian economy
gptkbp:startDate 1991
gptkbp:bfsParent gptkb:To_the_Brink_and_Back:_India's_1991_Story
gptkbp:bfsLayer 7