What were the main reasons behind the Liberalization of Economy or Economic reforms 1991?

1. Huge External Debt and the rise in Fiscal Deficit.

2. Rising prices of essential goods.

3. Balance of payment crisis.

4. Gulf War.

1
1, 2 and 3 
2
2, 3 and 4
3
1, 3 and 4
4
All of the above

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