What Led to LPG Reforms?

LPG reforms were initiated due to the deteriorating conditions of the Indian economy where there was a deficit in balance of payments and India’s foreign exchange reserves were reduced to bare minimum.

These reforms led to the growth of the economy by opening up the economy to the world. Foreign investment increased, the balance of payments deficit was resolved.

Also see:

Stay connected to BYJU’S for more such questions and answers.

Was this answer helpful?


0 (0)


Choose An Option That Best Describes Your Problem

Thank you. Your Feedback will Help us Serve you better.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *




Free Class