Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:context |
Balance of payments crisis
|
| gptkbp:country |
gptkb:India
|
| gptkbp:financeMinister |
gptkb:Manmohan_Singh
|
| gptkbp:goal |
Globalization
Economic growth Deregulation Privatization Attract foreign investment Increase exports Reduce fiscal deficit |
| https://www.w3.org/2000/01/rdf-schema#label |
Liberalization (1991)
|
| gptkbp:influencedBy |
gptkb:Washington_Consensus
Global economic trends IMF conditionalities |
| gptkbp:launched |
gptkb:P._V._Narasimha_Rao
|
| gptkbp:notablePerson |
gptkb:Amartya_Sen
gptkb:Manmohan_Singh gptkb:C._Rangarajan gptkb:Montek_Singh_Ahluwalia gptkb:P._V._Narasimha_Rao |
| gptkbp:policy |
Tax reforms
Trade liberalization Deregulation of markets Devaluation of rupee Disinvestment in public sector Financial sector reforms Industrial licensing abolished Opening up to foreign investment Privatization of public sector units Reduction in import tariffs Reduction in subsidies |
| gptkbp:relatedEvent |
gptkb:Structural_Adjustment_Program
gptkb:New_Economic_Policy_1991 Economic reforms in India Economic crisis of 1991 Globalization of Indian economy Privatization in India |
| gptkbp:resultedIn |
Increase in foreign direct investment
Increase in income inequality Growth of middle class Expansion of private sector Growth of service sector Increase in consumer choices Rapid economic growth in India Reduction in government control Reduction in poverty rates Rise in unemployment in some sectors |
| gptkbp:startDate |
1991
|
| gptkbp:supportedBy |
gptkb:International_Monetary_Fund
gptkb:World_Bank |
| gptkbp:bfsParent |
gptkb:Post-independence_India
|
| gptkbp:bfsLayer |
7
|