Economic liberalisation in India started with

1. Economic liberalisation in India refers to the major economic reforms initiated in 1991. 2. While changes like increasing convertibility of the rupee, easing procedures for FDI, and reducing tax rates were part of the broader liberalisation process over time, the most significant initial step that marked the *start* of this era was the dismantling of the 'License Raj'. 3. This involved substantial changes in the industrial licensing policy, abolishing the need for licenses for most industries, thereby reducing bureaucratic control and opening up the economy. 4. Therefore, the changes in industrial licensing policy are considered the starting point of the 1991 liberalisation.