Dr. Manmohan Singh Is called the pioneer Of the Liberalization Of the Indian Economy for the policy of Economic liberalization in India initiated by Prime Minister P. V. Narasimha Rao and his then-Finance Minister Dr. Manmohan Singh in 1991. India’s new economic policy based on LPG or liberalization, privatization, and globalization model was announced on 24 July 1991.

Economic liberalization in India refers to the country’s economic policies which started in 1991with aimed at making the economy more market-oriented and expanding the role of private and foreign investment in India.

See also  67th BPSC CCE Prelims Mock Test 2021 in English for Free (Set-1)