Balance of Payment Crisis (BoP) Crisis 1991
The 1991 Balance of Payments Crisis in India: A Tale of Structural Flaws and Economic Reform The year 1991 marked a watershed moment in India’s economic history. The country, once known for its socialist policies and self-reliance, found itself teetering on the brink of a financial meltdown. A severe Balance of Payments (BoP) crisis, triggered … Read more