Liberalization, Privatization, Globalization (LPG) reforms

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:economic_policy
gptkbp:aimsTo	economic growth increasing foreign investment reducing government control
gptkbp:associatedWith	gptkb:Manmohan_Singh gptkb:P._V._Narasimha_Rao
gptkbp:cause	balance of payments crisis
gptkbp:component	gptkb:government globalization liberalization
gptkbp:country	gptkb:India
gptkbp:effect	expansion of private sector increase in foreign direct investment integration with global economy increase in GDP growth rate reduction in public sector dominance
https://www.w3.org/2000/01/rdf-schema#label	Liberalization, Privatization, Globalization (LPG) reforms
gptkbp:implementedIn	1991
gptkbp:launched	gptkb:Government_of_India
gptkbp:policy	trade liberalization tax reforms opening up to foreign direct investment reduction of import tariffs abolition of industrial licensing deregulation of markets disinvestment in public sector units encouragement of foreign technology exchange rate reforms reform of financial sector
gptkbp:relatedTo	gptkb:International_Monetary_Fund gptkb:World_Bank gptkb:New_Economic_Policy_1991
gptkbp:sector	gptkb:government gptkb:industry agricultural sector
gptkbp:bfsParent	gptkb:Post-Independence_India gptkb:Post-independence_India
gptkbp:bfsLayer	7