India's 1991 Economic Reforms: The LPG Turning Point Explained

On July 24, 1991, India introduced landmark economic reforms collectively known as LPG — Liberalisation, Privatisation, and Globalisation. The reforms were enacted by the then-Indian government and marked a fundamental shift in the country's economic policy. These changes opened up India's economy to private enterprise and global markets. The 1991 reforms are widely regarded as one of the most significant turning points in modern Indian economic history.
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