‘Rescued economy from bankruptcy’: Congress remembers Manmohan Singh on 33rd anniversary of 1991 economic reforms | India News – Times of India
NEW DELHI: With a looming international debt crisis fueled by instable political situation and Gulf crisis at the time, India had foreign exchange reserves that could “suffice to finance imports for a mere fortnight.” Thus, came the 1991 economic reforms, popularly dubbed as the liberalisation, privatisation and globalisation of the Indian economy.“I rise to present…