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this post was submitted on 03 Jan 2024
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GenZedong
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When was this liberalization?
1991
https://en.wikipedia.org/wiki/1991_Indian_economic_crisis
this is rough
Liberalization was around August I believe so the crisis you linked wasn't a direct result of the liberalization. Its evils took a while to accumulate, but I know family members whose former prosperous factory cities have become ghost towns due to deindustrialization after the License Raj ended.