Balance of Payments Crisis Explained. 1991: When India Was Almost Bankrupt.
Автор: EduMindset
Загружено: 2026-01-03
Просмотров: 561
Описание:
In 1991, India faced its worst economic emergency.
Foreign exchange reserves fell to just $1 billion, enough to survive only 2–3 weeks of imports. The country stood on the edge of bankruptcy.
This is the complete, easy-to-understand explanation of India’s Balance of Payments Crisis (1991) and how it changed the future of the Indian economy forever.
In this video, you will learn:
What Balance of Payments Crisis really means
Why India ran out of foreign currency
How high imports, low exports & foreign debt created the crisis
The impact of the 1990 Gulf War
Why India had to pledge its gold reserves
The role of IMF and World Bank
How LPG Reforms (Liberalisation, Privatisation, Globalisation) began
Why 1991 became India’s biggest economic turning point
This video shows how a broken system was rebuilt and how modern India was born from crisis.
#1991Crisis
#BalanceOfPayments
#IndianEconomy
#LPGReforms
#EconomicHistory
#FinanceEducation
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