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2 results for “1991 LPG reforms”
Economy
The Planners: From Five-Year Plans to NITI Aayog, and the 1991 Turn
From Visvesvaraya's 1934 blueprint to the Five-Year Plans, the 1991 LPG reforms and NITI Aayog, the complete story of planning in India, with the plan-by-plan table UPSC loves.
28 September 2026 · 44 min read
Post-Independence India
1991: The Year India Pawned Its Gold and Freed Its Economy
In 1991, India's forex reserves crashed to about $1 billion and gold was pledged abroad. Weeks later, Rao and Manmohan Singh launched the LPG reforms that ended the Licence Raj. This is the full story of the crisis and the cure.
27 September 2026 · 28 min read