10 things in which India tops the world https://youtu.be/x6NkE4sdXtQ More such Interesting Videos: https://tinyurl.com/2p8w7n2w Interesting Shorts: https://tinyurl.com/tccshorts _________________________ 00:00 Introduction 00:33 Era of License Raj 01:57 Causes of 1991 Economic Crisis 04:05 How Manmohan Singh solved the economic crisis 04:50 Economic reforms of 1991 06:25 Effect of 1991 reforms on common man in 1991, India faces a huge economic crisis. Only 3 weeks worth of foreign exchange was left in India, and it was almost going bankrupt. Many events led to that situtation, starting from slow economic growth, to gulf war, USSR disintegration, and Rajiv Gandhi Assassination. But in 1991, the new PV Narsimha Rao government made some reforms in the leadership of Manmohan Singh as Finance Minister, and Indian economy took a U turn and started rising again. 1991 economic reforms are still prevalant. _________________________ Follow us on Instagram for amazing facts about Railways: https://www.instagram.com/thecuriouscobra Subscribe to The Curious Cobra https://www.youtube.com/thecuriouscobra _________________________ #1991 #manmohansingh