Top Tweets for #1991Backdrop
Backdrop (1947-1990): Post-independence, India’s License Raj (FERA, MRTP) capped growth—GDP $320B (1990), 3.5% CAGR. Forex crisis ($1.2B reserves, 2 weeks’ imports), 1991 Gulf War oil shock forced reform. #LicenseRaj #ForexCrisis #1991Backdrop
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