1991 Severe Economic Crisis in India🚨 Here are the major decisions taken by FM Manmohan Singh in 1991 Budget : • Devaluation of Rupee: The Indian rupee was devalued to make exports more competitive and attract foreign exchange. • End of License Raj: Industrial licensing was abolished for most industries, reducing bureaucratic red tape and promoting ease of doing business. • Opening up to Foreign Investment: Foreign Direct Investment (FDI) was encouraged by allowing foreign companies to invest i
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