: Aimed at ending the "License Raj" by deregulating industries and removing government restrictions on social and economic policies.
: Involved transferring ownership of public sector enterprises to private entities to increase efficiency and reduce the government's debt burden. lpgmp4
: Focused on integrating the Indian economy with the world through reduced import tariffs, increased foreign direct investment (FDI), and improved trade policies. Key Impacts: : Aimed at ending the "License Raj" by
Initiated by then-Prime Minister P.V. Narasimha Rao and Finance Minister Dr Manmohan Singh, the LPG model was a response to a severe balance-of-payments crisis. increased foreign direct investment (FDI)
