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2 cards from this section. Quick, good the night before a test.
Define economic reforms.
Think about why a country might change its economic policies.
What does the acronym LPG stand for?
Consider the three major areas of focus in the 1991 reforms.
What was the main goal of the economic reforms introduced in India in 1991?
Consider what the country needed due to its economic troubles.
True or False: Globalisation has no effect on local economies.
Think about competition and market dynamics.
Evaluate how the introduction of LPG policies affected India's global standing in trade.
Look at trade statistics before and after reforms.
Discuss the social ramifications of the economic reforms initiated in 1991.
Think about which sectors thrived and which did not.
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