The Indian Economy has undergone nearly ten years of economic reform guided by three finance ministers and implemented by five governments. The process of economic reform was initiated in 1991 by the then Prime Minister Mr Narasimha Rao along with Finance Minister Dr. Manmohan Singh to meet the dire need to invigorate a deteriorating economy on the verge of bankruptcy. This process brought about sweeping changes resulting in liberalization and the opening up of the Indian economy to foreign investment in various sectors.
Union Budget 2001-2001
Updated: Jan 17