KVS Class 11 Economics Ch 3 LPG Reforms 1991 COMPLETE Revision in 8 Mins! NCERT CBSE KVS HINDI

This video is a COMPLETE One-Shot Revision of KVS Class 11 Economics Chapter 3: Liberalisation, Privatisation and Globalisation (LPG) - An Appraisal, based on the NCERT/CBSE curriculum. Note: This is a concise revision session conducted in HINDI, covering the critical 1991 economic reforms in just 8 minutes. The year 1991 was a pivotal moment when India faced an economic crisis with just 15 days of foreign reserves left. This video explains the storm that led to the crisis and the "bitter medicine" of the LPG reforms that changed India's destiny forever. Video Highlights (Key Topics Covered): The 1991 Crisis: Understanding the causes of the economic imbalance (high expenditure, low income, low foreign exchange reserves) that threatened national insolvency [00:43]. The IMF Condition: Why India was forced to approach the World Bank and IMF, and the strict conditions that mandated a complete overhaul of the economy [02:20]. The LPG Blueprint: A detailed look at the three core pillars of the New Economic Policy: Liberalisation (उदारीकरण): Ending the restrictive License Raj to allow the market to function freely [03:17]. Privatisation (निजीकरण): Transferring government-owned company management or ownership to private hands through Disinvestment (विनिवेश) [04:24]. Globalisation (वैश्वीकरण): Integrating the Indian economy with the world, leading to a boom in Outsourcing and job creation [05:08]. The Report Card: An appraisal of the reforms: Successes: Skyrocketing GDP growth, massive increase in Foreign Exchange Reserves [05:53]. Failures (Appraisal): The issue of Jobless Growth, reduced government investment in the agricultural sector, and widening inequality between the rich and poor [06:37]. Detailed Timestamps ⏱️: [00:00] The 1991 Crisis: India at an Economic Crossroads [00:43] Why the Crisis Happened: The Income vs. Expenditure Imbalance [02:20] Approaching the IMF: The Conditions for the Bailout [03:17] Pillar 1: Liberalisation (Ending the License Raj) [04:16] Pillar 2 & 3: Privatisation (Disinvestment) and Globalisation (Outsourcing) [05:40] 30 Years Later: The Report Card of LPG Reforms [06:37] Critical Appraisal: Jobless Growth and Agricultural Setback [07:44] Key Questions: RBI's Changing Role and Impact on Farmers Channel: Ceibaa Video URL:    • KVS Class 11 Economics Ch 3 LPG Reforms 19...   #Class11Economics #LPGReforms #1991Crisis #NCERT #CBSE #EconomicsRevision #Hindi #Liberalisation #Privatisation #Globalisation