Indian Economy: Historical Perspective

  • What were the problems faced by the balance of payments in India in the 1980s and 90s? - Large combined deficits of the central and state governments rising inflationary pressures and current account deficit
  • What policies were adopted by the Government of India in 1991 to introduce structural reforms in Indian Economy? - License Raj elimination, foreign direct investment and encouragement to privatization
  • Which fiscal policy was introduced by the Government of India to overcome high combined gross fiscal deficit? - Fiscal Responsibility and Budget Management Act, 2003
  • What is the average monthly collection of GST in the first ....
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