India And Its Liberalisation

 Economic reforms began the Liberalisation of India in 1991, these reforms were :

Tax Reforms

The Opening of International Trade and Investment

Controlling Inflation Methods

The Initiation of Privitisation

Deregulation

"In the 1990s India started liberalizing its economy," says Dalmia, "and it did three things: cut taxes, liberalized trade, and deregulated business." 

Since the early 1990s, India has cut its poverty rate in half. About 300 million Indians,equivalent to the population of the entire United States, escaped the hunger and deprivation of extreme poverty thanks to pro-market reforms that increased economic activity.