Liberalisation Model Explained | IMF & World Bank Reforms | LPG Reforms 1991 | #UPSC #GS3 #Economy

In this video, we cover Liberalisation Model and IMF–World Bank Reforms in an exam-oriented manner for UPSC GS3 Economy + Essay.

✅ Key Topics Covered:

Meaning of Liberalisation and LPG reforms
Background: 1991 Balance of Payments Crisis
Role of IMF & World Bank conditionalities
Key reforms introduced:
Industrial de-licensing
Trade liberalisation
FDI policy reforms
Disinvestment and PSU reforms
Financial sector reforms
Impacts: growth, exports, services boom
Criticism: inequality, jobless growth, regional imbalance
Way forward: inclusive liberalisation + reforms 2.0

📌 Useful for: UPSC GS3 Economy + Essay + Interview
🎯 Best for: concept clarity + revision#UPSC #Liberalisation #IMF #WorldBank #LPGReforms #1991Reforms #IndianEconomy #EconomicReforms #FDI #Globalisation #GS3 #CurrentAffairs #UPSCMains #UPSCMastermind

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