Why Did India Need LPG Reforms? | 1991 Economic Crisis Explained | LPG Reforms in Tamil

Why did India need LPG Reforms in 1991? In this class, we understand the background and major reasons behind India's LPG reforms in a simple, conceptual way. Topics covered: Large and growing financial/fiscal imbalance Inefficient use of resources Low foreign exchange reserves High inflation Low economic growth Why India needed major economic reforms in 1991