CUET Preparation Today
| India adopted "Economics reforms" in which year? |
1991 1993 1987 2002 |
| 1991 |
| India witnessed a catastrophic situation in the year 1991, where government was unable to make repayments on its borrowing from abroad. Foreign exchange reserves dropped to the levels that were not sufficient for even a fortnight. So, it introduced a "New Economic Policy" which is also known as Economic Reforms of 1991. |
