Indian New Deal

The Indian New Deal, launched in 1991, was a set of economic reforms by the Indian government aimed at liberalizing the economy. It involved reducing government control, encouraging private investment, and opening markets to global trade. Key measures included deregulation, privatization of state-owned enterprises, and easing restrictions on foreign investment. The goal was to boost economic growth, improve efficiency, and integrate India more fully into the global economy, moving away from the previous socialist-inspired policies of state planning and control.