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LPG Reform In India And Its Effects, Causes, And Significance- (Economy Notes)

LPG Reform In India

1991 āϏāĻžāϞ⧇ āĻ­āĻžāϰāϤ⧇ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ āĻšā§Ÿā§‡āϛ⧇ āĨ¤ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰāϗ⧁āϞāĻŋ āωāĻĻāĻžāϰ⧀āĻ•āϰāĻŖ, āĻŦ⧇āϏāϰāĻ•āĻžāϰ⧀āĻ•āϰāĻŖ āĻāĻŦāĻ‚ āĻŦāĻŋāĻļā§āĻŦāĻžāϝāĻŧāύ āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ āύāĻžāĻŽā§‡āĻ“ āĻĒāϰāĻŋāϚāĻŋāϤ āĨ¤ āĻāϟāĻŋ āĻāĻ•āϟāĻŋ āĻ…āĻ°ā§āĻĨāύ⧀āϤāĻŋ āĻšāĻŋāϏāĻžāĻŦ⧇ āĻ­āĻžāϰāϤ⧇āϰ āĻ•āĻžāϜ āĻ•āϰāĻžāϰ āϧāϰāĻŖāϕ⧇ āĻĒāϰāĻŋāĻŦāĻ°ā§āϤāύ āĻ•āϰ⧇āϛ⧇ āĻāĻŦāĻ‚ āĻĻ⧇āĻļāϟāĻŋāϕ⧇ āĻŦā§āϝāĻŦāϏāĻž-āĻŦāĻžāĻŖāĻŋāĻœā§āϝ⧇āϰ āϜāĻ¨ā§āϝ āĻŦāĻŋāĻļā§āĻŦ⧇āϰ āĻ•āĻžāϛ⧇ āωāĻ¨ā§āĻŽā§āĻ•ā§āϤ āĻ•āϰ⧇āϛ⧇ āĨ¤ āĻāχ āφāĻ°ā§āϟāĻŋāϕ⧇āϞ⧇āϰ āĻŽāĻžāĻ§ā§āϝāĻŽā§‡ āφāĻŽāϰāĻž āĻ­āĻžāϰāϤ⧇ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ(LPG Reform In India) āϏāĻŽā§āĻŦāĻ¨ā§āϧ⧇ āĻŦāĻŋāĻ¸ā§āϤāĻžāϰāĻŋāϤāĻ­āĻžāĻŦ⧇ āφāϞ⧋āϚāύāĻž āĻ•āϰ⧇āĻ›āĻŋ āĨ¤

Reasons For 1991 LPG Reform

  1. āĻŽā§‚āĻ˛ā§āϝāĻŦ⧃āĻĻā§āϧāĻŋ: āĻŽā§‚āĻ˛ā§āϝāĻ¸ā§āĻĢā§€āϤāĻŋāϰ āĻšāĻžāϰ āĻĒā§āϰāĻžāϝāĻŧ 6 āĻļāϤāĻžāĻ‚āĻļ āĻĨ⧇āϕ⧇ 16 āĻļāϤāĻžāĻ‚āĻļ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇ āĻāĻŦāĻ‚ āĻĻ⧇āĻļ⧇āϰ āĻ…āĻ°ā§āĻĨāύ⧈āϤāĻŋāĻ• āĻ…āĻŦāĻ¸ā§āĻĨāĻž āφāϰāĻ“ āĻ–āĻžāϰāĻžāĻĒ āĻšāϝāĻŧ⧇āϛ⧇āĨ¤
  2. āϰāĻžāϜāĻ¸ā§āĻŦ āϘāĻžāϟāϤāĻŋāϰ āĻŦ⧃āĻĻā§āϧāĻŋ: āĻ…āύ⧁āĻ¨ā§āύāϝāĻŧāύ āĻŦā§āϝāϝāĻŧ āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻ•āĻžāϰāϪ⧇ āϏāϰāĻ•āĻžāϰ⧇āϰ āϰāĻžāϜāĻ¸ā§āĻŦ āϘāĻžāϟāϤāĻŋ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇āĨ¤ āϰāĻžāϜāĻ¸ā§āĻŦ āϘāĻžāϟāϤāĻŋ āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻ•āĻžāϰāϪ⧇ āϏāϰāĻ•āĻžāϰ⧀ āĻ‹āĻŖ āĻāĻŦāĻ‚ āĻĒāϰāĻŋāĻļā§‹āϧ⧇āϰ āϏ⧁āĻĻ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇āĨ¤ 1991 āϏāĻžāϞ⧇ āϏ⧁āĻĻ⧇āϰ āĻĻāĻžāϝāĻŧ āĻ›āĻŋāϞ āĻŽā§‹āϟ āϏāϰāĻ•āĻžāϰāĻŋ āĻŦā§āϝāϝāĻŧ⧇āϰ 36.4āĻļāϤāĻžāĻ‚āĻļ āĨ¤
  3. āĻĒ⧇āĻŽā§‡āĻ¨ā§āĻŸā§‡āϰ āĻĒā§āϰāϤāĻŋāϕ⧂āϞ āĻ­āĻžāϰāϏāĻžāĻŽā§āϝ: 1980-81 āϏāĻžāϞ⧇ āϚāϞāϤāĻŋ āĻšāĻŋāϏāĻžāĻŦ⧇āϰ āϘāĻžāϟāϤāĻŋ āĻ›āĻŋāϞ 2214 āϕ⧋āϟāĻŋ āϟāĻžāĻ•āĻž āϏ⧇āϟāĻŋ 1990-91 āϏāĻžāϞ⧇ āĻŦā§‡ā§œā§‡ āĻšā§Ÿā§‡āϛ⧇ 17,367 āϕ⧋āϟāĻŋ āϟāĻžāĻ•āĻžāĨ¤ āĻāχ āϘāĻžāϟāϤāĻŋ āĻŽā§‡āϟāĻžāϤ⧇ āϏāϰāĻ•āĻžāϰ āĻŦāĻŋāĻĒ⧁āϞ āĻĒāϰāĻŋāĻŽāĻžāĻŖ āĻŦ⧈āĻĻ⧇āĻļāĻŋāĻ• āĻ‹āĻŖ āύāĻŋāϝāĻŧ⧇āĻ›āĻŋāϞ āϝāĻž āϏ⧁āĻĻ⧇āϰ āĻĒāϰāĻŋāĻļā§‹āϧ āφāϰāĻ“ āĻŦāĻžāĻĄāĻŧāĻŋāϝāĻŧ⧇ āĻĻāĻŋāϝāĻŧ⧇āϛ⧇āĨ¤
  4. āχāϰāĻžāĻ• āϝ⧁āĻĻā§āϧ: 1990-91 āϏāĻžāϞ⧇, āχāϰāĻžāϕ⧇ āϝ⧁āĻĻā§āϧ āĻļ⧁āϰ⧁ āĻšāϝāĻŧ āϝāĻžāϰ āĻĢāϞ⧇ āĻĒ⧇āĻŸā§āϰ⧋āϞ⧇āϰ āĻĻāĻžāĻŽ āĻŦ⧇āĻĄāĻŧ⧇ āϝāĻžāϝāĻŧāĨ¤ āωāĻĒāϏāĻžāĻ—āϰ⧀āϝāĻŧ āĻĻ⧇āĻļāϗ⧁āϞāĻŋ āĻĨ⧇āϕ⧇ āĻŦ⧈āĻĻ⧇āĻļāĻŋāĻ• āĻŽā§āĻĻā§āϰāĻžāϰ āĻĒā§āϰāĻŦāĻžāĻš āĻŦāĻ¨ā§āϧ āĻšāϝāĻŧ⧇ āϝāĻžāϝāĻŧ āĻāĻŦāĻ‚ āĻāϟāĻŋ āϏāĻŽāĻ¸ā§āϝāĻžāϟāĻŋāϕ⧇ āφāϰāĻ“ āĻŦāĻžāĻĄāĻŧāĻŋāϝāĻŧ⧇ āϤ⧋āϞ⧇āĨ¤

LPG Reform In India- The Meaning of LPG

  1. āωāĻĻāĻžāϰ⧀āĻ•āϰāĻŖ- āωāĻĻāĻžāϰ⧀āĻ•āϰāĻŖ āĻāĻ•āϟāĻŋ āĻŦāĻŋāĻ¸ā§āϤ⧃āϤ āĻļāĻŦā§āĻĻ āϝāĻž āφāχāύ āĻŦā§āϝāĻŦāĻ¸ā§āĻĨāĻž āĻŦāĻž āĻŽāϤāĻžāĻŽāϤāϕ⧇ āĻ•āĻŽ āϗ⧁āϰ⧁āϤāϰ āĻ•āϰāĻžāϰ āĻ…āύ⧁āĻļā§€āϞāύāϕ⧇ āĻŦā§‹āĻāĻžāϝāĻŧāĨ¤ āϏāĻžāϧāĻžāϰāĻŖāϤ āύāĻŋāĻ°ā§āĻĻāĻŋāĻˇā§āϟ āϏāϰāĻ•āĻžāϰ⧀ āĻĒā§āϰāĻŦāĻŋāϧāĻžāύ āĻŦāĻž āĻŦāĻŋāϧāĻŋāύāĻŋāώ⧇āϧ āĻĻā§‚āϰ āĻ•āϰāĻžāϰ āĻ…āĻ°ā§āĻĨ⧇ āĻāϟāĻŋ āĻŦā§āϝāĻŦāĻšā§ƒāϤ āĻšā§ŸāĨ¤
  2. āĻŦ⧇āϏāϰāĻ•āĻžāϰ⧀āĻ•āϰāĻŖ- āĻāϟāĻŋ āϏāϰāĻ•āĻžāϰ āĻĨ⧇āϕ⧇ āĻāĻ•āϟāĻŋ āĻŦā§āϝāĻ•ā§āϤāĻŋāĻ—āϤ āĻŽāĻžāϞāĻŋāĻ•āĻžāύāĻžāϧ⧀āύ āϏāĻ¤ā§āϤāĻžāϰ āĻ•āĻžāϛ⧇ āϏāĻŽā§āĻĒāĻ¤ā§āϤāĻŋ āĻŦāĻž āĻŦā§āϝāĻŦāϏāĻžāϰ āĻŽāĻžāϞāĻŋāĻ•āĻžāύāĻž āĻšāĻ¸ā§āϤāĻžāĻ¨ā§āϤāϰāϕ⧇ āĻŦā§‹āĻāĻžāϝāĻŧāĨ¤
  3. āĻŦāĻŋāĻļā§āĻŦāĻžāϝāĻŧāύ- āĻāϟāĻŋ āĻ…āĻ°ā§āĻĨāύ⧈āϤāĻŋāĻ• āĻ•āĻ°ā§āĻŽāĻ•āĻžāĻŖā§āĻĄā§‡āϰ āϏāĻŽā§āĻĒā§āϰāϏāĻžāϰāĻŖāϕ⧇ āĻŦā§‹āĻāĻžāϝāĻŧāĨ¤āϝāĻž āϰāĻžāĻˇā§āĻŸā§āϰ⧇āϰ āϰāĻžāϜāύ⧈āϤāĻŋāĻ• āϏ⧀āĻŽāĻžāύāĻžāϕ⧇ āĻ…āϤāĻŋāĻ•ā§āϰāĻŽ āĻ•āϰ⧇āĨ¤

Features Of The 1991 LPG policy

  • āĻŦāĻžāϜāĻžāϰ āύāĻŋāϝāĻŧāĻ¨ā§āĻ¤ā§āϰāĻŖāĻŽā§āĻ•ā§āϤāĨ¤
  • āĻŦāĻŋāĻĻ⧇āĻļā§€ āĻŦāĻŋāύāĻŋāϝāĻŧā§‹āĻ— āĻāĻŦāĻ‚ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāϤ⧇ āĻŦāĻŋāύāĻžāĻŽā§‚āĻ˛ā§āϝ⧇ āĻĒā§āϰāĻŦ⧇āĻļāĨ¤
  • āĻļāĻŋāĻ˛ā§āĻĒ āĻ…āĻŦāĻ¸ā§āĻĨāĻžāύ āύ⧀āϤāĻŋ āωāĻĻāĻžāϰ⧀āĻ•āϰāĻŖāĨ¤
  • āύāϤ⧁āύ āĻĒā§āϰāĻ•āĻ˛ā§āĻĒ⧇āϰ āϜāĻ¨ā§āϝ āĻĒāĻ°ā§āϝāĻžāϝāĻŧāĻ•ā§āϰāĻŽā§‡ āωāĻ¤ā§āĻĒāĻžāĻĻāύ āĻ•āĻ°ā§āĻŽāϏ⧂āϚāĻŋāϰ āĻŦāĻŋāϞ⧁āĻĒā§āϤāĻŋāĨ¤
  • āĻŦāĻžāĻ§ā§āϝāϤāĻžāĻŽā§‚āϞāĻ• āĻĒāϰāĻŋāĻŦāĻ°ā§āϤāύāϝ⧋āĻ—ā§āϝāϤāĻž āϧāĻžāϰāĻž āĻ…āĻĒāϏāĻžāϰāĻŖāĨ¤
  • āφāĻŽāĻĻāĻžāύāĻŋ āĻļ⧁āĻ˛ā§āĻ• āĻšā§āϰāĻžāϏāĨ¤
  • āĻ•āϰ āĻšā§āϰāĻžāϏāĨ¤
  • āĻĒāĻžāĻŦāϞāĻŋāĻ• āϏ⧇āĻ•ā§āϟāϰ⧇āϰ āĻ­ā§‚āĻŽāĻŋāĻ•āĻž āĻ•ā§āώ⧀āĻŖāĨ¤
  • āĻŦ⧇āϏāϰāĻ•āĻžāϰ⧀āĻ•āϰāϪ⧇āϰ āϏ⧂āϚāύāĻžāĨ¤
  • āĻļāĻŋāĻ˛ā§āĻĒ āϞāĻžāχāϏ⧇āĻ¨ā§āϏāĻŋāĻ‚ āĻ…āĻĨāĻŦāĻž āĻĒāĻžāϰāĻŽāĻŋāϟ āϰāĻžāĻœā§‡āϰ āĻŦāĻŋāϞ⧁āĻĒā§āϤāĻŋāĨ¤

LPG Reform In India, Positive Results

1.āĻ­āĻžāϰāϤ⧇āϰ GDP āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻšāĻžāϰ āĻŦ⧃āĻĻā§āϧāĻŋ: 1990-91 āĻāϰ āϏāĻŽāϝāĻŧ, āĻ­āĻžāϰāϤ⧇āϰ GDP āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻšāĻžāϰ āĻ›āĻŋāϞ āĻŽāĻžāĻ¤ā§āϰ 1.1% āĻ•āĻŋāĻ¨ā§āϤ⧁ 1991 āϏāĻžāϞ⧇āϰ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ⧇āϰ āĻĒāϰ, GDP āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻšāĻžāϰ āĻŦāĻ›āϰ⧇ āĻŦ⧃āĻĻā§āϧāĻŋ āĻĒ⧇āϝāĻŧ⧇āϛ⧇ āĻāĻŦāĻ‚ 2015-16 āϏāĻžāϞ⧇ āĻāϟāĻŋ IMF āĻĻā§āĻŦāĻžāϰāĻž āĻ…āύ⧁āĻŽāĻžāύ āĻ•āϰāĻž āĻšāϝāĻŧ⧇āĻ›āĻŋāϞ 7.5%āĨ¤

2.āĻŦāĻŋāĻĻ⧇āĻļā§€ āĻŦāĻŋāύāĻŋāϝāĻŧā§‹āϗ⧇āϰ āĻ—āĻ¨ā§āϤāĻŦā§āϝ: 1991 āϏāĻžāϞ āĻĨ⧇āϕ⧇, āĻ­āĻžāϰāϤ āĻĻ⧃āĻĸāĻŧāĻ­āĻžāĻŦ⧇ āĻāĻ•āϟāĻŋ āϞāĻžāĻ­āϜāύāĻ• āĻŦāĻŋāĻĻ⧇āĻļā§€ āĻŦāĻŋāύāĻŋāϝāĻŧā§‹āϗ⧇āϰ āĻ—āĻ¨ā§āϤāĻŦā§āϝ āĻšāĻŋāϏāĻžāĻŦ⧇ āύāĻŋāĻœā§‡āϕ⧇ āĻĒā§āϰāϤāĻŋāĻˇā§āĻ āĻŋāϤ āĻ•āϰ⧇āϛ⧇ āĻāĻŦāĻ‚ 2019-20 (āφāĻ—āĻ¸ā§āϟ āĻĒāĻ°ā§āϝāĻ¨ā§āϤ) āĻ­āĻžāϰāϤ⧇ FDI āχāĻ•ā§āϝ⧁āχāϟāĻŋ āĻĒā§āϰāĻŦāĻžāĻš āĻ›āĻŋāϞ US$ 19.33 āĻŦāĻŋāϞāĻŋāϝāĻŧāύāĨ¤

3.āĻŦ⧇āĻ•āĻžāϰāĻ¤ā§āĻŦ⧇āϰ āĻšāĻžāϰ āĻšā§āϰāĻžāϏ: 1991 āϏāĻžāϞ⧇, āĻŦ⧇āĻ•āĻžāϰāĻ¤ā§āĻŦ⧇āϰ āĻšāĻžāϰ āĻŦ⧇āĻļāĻŋ āĻ›āĻŋāϞāĨ¤ 1991 āϏāĻžāϞ⧇āϰ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ⧇āϰ āĻĢāϞ⧇ āύāϤ⧁āύ āĻŦāĻŋāĻĻ⧇āĻļā§€ āϕ⧋āĻŽā§āĻĒāĻžāύāĻŋāϰ āφāĻ—āĻŽāύ āϘāĻŸā§‡ āĻāĻŦāĻ‚ āφāϰāĻ“ āĻŦ⧇āĻļāĻŋ āϚāĻžāĻ•āϰāĻŋāϰ āϏ⧃āĻˇā§āϟāĻŋ āĻšāϝāĻŧ āϝāĻžāϰ āĻĢāϞ⧇ āĻŦ⧇āĻ•āĻžāϰāĻ¤ā§āĻŦ⧇āϰ āĻšāĻžāϰ āĻšā§āϰāĻžāϏ āĻĒāĻžāϝāĻŧāĨ¤

4.āĻŽāĻžāĻĨāĻžāĻĒāĻŋāϛ⧁ āĻ†ā§Ÿ āĻŦ⧃āĻĻā§āϧāĻŋ :āĻ•āĻ°ā§āĻŽāϏāĻ‚āĻ¸ā§āĻĨāĻžāύ āĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻ•āĻžāϰāϪ⧇ āĻŽāĻžāĻĨāĻžāĻĒāĻŋāϛ⧁ āφāϝāĻŧ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇āĨ¤āĻ…āĻ•ā§āĻŸā§‹āĻŦāϰ 2019 āĻĒāĻ°ā§āϝāĻ¨ā§āϤ āϰāĻĒā§āϤāĻžāύāĻŋ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇ āĻāĻŦāĻ‚ USD 26.38 āĻŦāĻŋāϞāĻŋāϝāĻŧāύ āĻšāϝāĻŧ⧇āϛ⧇āĨ¤

LPG Reform In India- Challenging Results

  • MNC āĻŦāύāĻžāĻŽ āĻ¸ā§āĻĨāĻžāύ⧀āϝāĻŧ āĻŦā§āϝāĻŦāϏāĻž: āĻ­āĻžāϰāϤ⧀āϝāĻŧ āĻ…āĻ°ā§āĻĨāύ⧀āϤāĻŋāϕ⧇ āĻŦāĻŋāĻĻ⧇āĻļā§€ āĻĒā§āϰāϤāĻŋāϝ⧋āĻ—āĻŋāϤāĻžāϰ āϜāĻ¨ā§āϝ āωāĻ¨ā§āĻŽā§āĻ•ā§āϤ āĻ•āϰāĻžāϰ āĻ•āĻžāϰāϪ⧇ āφāϰāĻ“ MNC āĻ¸ā§āĻĨāĻžāύ⧀āϝāĻŧ āĻŦā§āϝāĻŦāϏāĻžāϰ āϏāĻžāĻĨ⧇ āĻĒā§āϰāϤāĻŋāϝ⧋āĻ—āĻŋāϤāĻž āĻļ⧁āϰ⧁ āĻ•āϰ⧇āĨ¤ āĻāϟāĻŋ āĻ…āĻ¤ā§āϝāĻ¨ā§āϤ āĻ…āϏāĻŽ āĻŦā§āϝāĻŦāϏāĻžāϝāĻŧāĻŋāĻ• āĻĒā§āϰāϤāĻŋāϝ⧋āĻ—āĻŋāϤāĻžāϰ āĻĻāĻŋāϕ⧇ āĻĒāϰāĻŋāϚāĻžāϞāĻŋāϤ āĻ•āϰ⧇āĨ¤āĻ—ā§āϞ⧋āĻŦāĻžāϞāĻžāχāĻœā§‡āĻļāύ āĻāĻ›āĻžāĻĄāĻŧāĻžāĻ“ āĻ‰ā§ŽāĻĒāĻžāĻĻāύāĻ•āĻžāϰ⧀ āωāĻĻā§āĻ­āĻŋāĻĻ āĻĨ⧇āϕ⧇ āύāĻŋāĻ°ā§āĻ—āĻŽāύ āĻāĻŦāĻ‚ āĻ—āĻžāĻ›āĻĒāĻžāϞāĻž āφāĻŦāϰāĻŖ āĻĒāϰāĻŋāĻˇā§āĻ•āĻžāϰ⧇āϰ āĻŽāĻžāĻ§ā§āϝāĻŽā§‡ āĻĻā§‚āώāϪ⧇āϰ āĻŽāĻžāĻ§ā§āϝāĻŽā§‡ āĻĒāϰāĻŋāĻŦ⧇āĻļ⧇āϰ āĻ§ā§āĻŦāĻ‚āϏ⧇ āĻ…āĻŦāĻĻāĻžāύ āϰ⧇āϖ⧇āϛ⧇āĨ¤
  • āφāϝāĻŧ⧇āϰ āĻŦā§āϝāĻŦāϧāĻžāύ āĻĒā§āϰāϏāĻžāϰāĻŋāϤ āĻ•āϰāĻž: 1991 āϏāĻžāϞ⧇āϰ LPG āϏāĻ‚āĻ¸ā§āĻ•āĻžāϰ āĻĻ⧇āĻļ⧇āϰ āĻ…āĻ­ā§āϝāĻ¨ā§āϤāϰ⧇ āφāϝāĻŧ⧇āϰ āĻŦā§āϝāĻŦāϧāĻžāύāϕ⧇ āĻĒā§āϰāϏāĻžāϰāĻŋāϤ āĻ•āϰ⧇āϛ⧇āĨ¤ āϏāĻ‚āĻ–ā§āϝāĻžāĻ—āϰāĻŋāĻˇā§āĻ  āĻŽāĻžāύ⧁āώ⧇āϰ āφāϝāĻŧ āĻšā§āϰāĻžāϏ⧇āϰ āĻ–āϰāĻšā§‡ āωāĻšā§āϚ āĻĒā§āϰāĻŦ⧃āĻĻā§āϧāĻŋāϰ āĻšāĻžāϰ āĻ…āĻ°ā§āϜāĻŋāϤ āĻšāϝāĻŧ⧇āĻ›āĻŋāϞ āĻāχāĻ­āĻžāĻŦ⧇ āĻŦ⧈āώāĻŽā§āϝ āĻŦ⧃āĻĻā§āϧāĻŋ āĻĒāĻžāϝāĻŧāĨ¤
  • āĻ•ā§ƒāώāĻŋ GVAāĻšā§āϰāĻžāϏ: 1991 āϏāĻžāϞ⧇, āĻ•ā§ƒāώāĻŋ āϜāύāϏāĻ‚āĻ–ā§āϝāĻžāϰ 72%āϕ⧇ āĻ•āĻ°ā§āĻŽāϏāĻ‚āĻ¸ā§āĻĨāĻžāύ āĻĒā§āϰāĻĻāĻžāύ āĻ•āϰ⧇āĻ›āĻŋāϞ āĻāĻŦāĻ‚ GDP āϤ⧇ 29.02 āĻļāϤāĻžāĻ‚āĻļ āĻ…āĻŦāĻĻāĻžāύ āϰ⧇āϖ⧇āĻ›āĻŋāϞāĨ¤ āĻŦāĻ°ā§āϤāĻŽāĻžāύ⧇ GDPāϤ⧇ āĻ•ā§ƒāώāĻŋāϰ āĻ…āĻ‚āĻļ āĻŽāĻžāϰāĻžāĻ¤ā§āĻŽāĻ•āĻ­āĻžāĻŦ⧇ āύ⧇āĻŽā§‡ āĻāϏ⧇āϛ⧇ 18%-āĻāĨ¤ āĻāϰ āĻĢāϞ⧇ āĻ•ā§ƒāώāĻ•āĻĻ⧇āϰ āĻŽāĻžāĻĨāĻžāĻĒāĻŋāϛ⧁ āφāϝāĻŧ āĻ•āĻŽā§‡āϛ⧇ āĻāĻŦāĻ‚ āĻ—ā§āϰāĻžāĻŽā§€āĻŖ āĻ‹āϪ⧇āϰ āĻĒāϰāĻŋāĻŽāĻžāĻŖ āĻŦ⧇āĻĄāĻŧ⧇āϛ⧇āĨ¤

 

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LPG Reform In India And Its Effects, Causes, And Significance_4.1

FAQs

When was the LPG reform introduced in India?

This LPG reform was first introduced in the Indian economy in 1990 when the Indian economy was facing a serious crisis. At that time the government decided to reform LPG in 1991 to revive the Indian economy

What was the LPG reform?

In 1991 a new industrial policy was announced. This is also known as LPG reform, because the policy has three main dimensions: liberalization, privatization and globalization. The reforms also included extensive economic reforms.

Why LPG reform in India?

The policy was adopted to move towards higher economic growth rates and to build adequate foreign exchange reserves.