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Features of the Economic Policy of 1991

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Topics

  • Flowchart
  • Key Point Summary
Maharashtra State Board: Class 11

Flowchart

Maharashtra State Board: Class 11

Key Point Summary

  • Economic Shift: From a closed, controlled economy to an open, market-driven one.
  • Growth Impact: Average GDP growth rose from ~3.5% (pre-1991) to ~6–7% thereafter.
  • Global Integration: India emerged as a key player in IT services, manufacturing, and exports.

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