The liberalisation of India began with economic reforms in 1991. This liberalisation refers to:
- The opening for international trade and investment
- Deregulation
- Initiation of privatisation
- Tax reform
- Inflation controlling methods.
This is an interesting link which shows us that around 300 Million Indian civillians escaped poverty, due to the ongoing economic reforms which the Indian government has brought about.
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html#Econ
The CIA has published information on the Indian economy; the link above shows us since 1997, the annual average growth of India is around 7%, just behind that of The People's Republic of China. Despite half of the workforce being in agriculture, services are the main ouput and is a source of their economic growth. Due to a large amount of English speaking workers, the Indian economy capitalised on this, which has enabled them to provide things such as IT services to people in England.
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