The reason why the GNI per capita begin to increase notably in India after 1990 is that The nation began to embrace development through trade.
<h3>What were the major impact of economic reforms of 1991?</h3>
There are lots of Reforms that has led to rise in competition in the sectors such as banking in India and this is said to increased efficiency.
Trade is known to be a part of economic development as it leads to economic growth, forming more jobs, reducing prices and others.
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Some problems with direct democracy can be:
Sometimes the people are foolish and easily manipulated. Also representatives can also be foolish and easily manipulated.
Money applied in the right places can influence uninformed voters. But the same applies to representatives.
The people may not understand complex issues and may fall for simplistic solutions.
