Rajiv Gandhi liberalisation programme (EXIM policy changes, loosened business-creation rules and import controls)
The same source states that "significant reforms throughout the decade but especially starting in 1985"…
The same source states that "significant reforms throughout the decade but especially starting in 1985" loosened restrictions, with average GDP growth rising from 2.9% in the 1970s to 5.6% and industrial growth of 9.2% during 1988–1991; it also records the judgement that these reforms "failed to fix systemic issues with the Licence Raj" and that the Bofors scandal "impeded his liberalisation efforts"
ReportedPress. Source: en.wikipedia.org
