Anuraag K. Singh How the 1991 Crisis Rebuilt India's Economy Introduction India’s economy was on the verge of defaulting in 1991. The foreign exchange reserves could only fund two weeks of imports. The government had to physically transfer gold to London and Zu... 1991 Economic Reforms Balance of Payments Crisis Fiscal Policy Reforms India Gold Mortgage 1991 IMF Bailout India 1991 Indian Economy LPG Reforms Liberalization License Raj Manmohan Singh 1991 Speech Trade Deregulation 31 Jul 2026 A TIME IN HISTORY ARTICLE
