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1991 Indian Reforms: Reluctant Launch Amid Business Distrust
India's 1991 economic reforms were introduced reluctantly, driven by distrust of the private sector. Despite resistance, they opened opportunities, exemplified by a Reebok executive who later set up the company's Indian operations in a business climate.
India's 1991 economic reforms were rolled out with hesitation, reflecting policymakers' deep mistrust of private enterprise.
- The reforms faced strong resistance but eventually created new market opportunities.
- A notable example is a senior Reebok executive who, despite the wary climate, built the brand's Indian operations from the ground up.
For full details, see the Business Standard article.
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