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The economic reforms were initiated by Narasimha Rao government in?

Athe 8th five-year plan

Bthe 9th five-year plan

Cthe 7th five-year plan

Dthe 5th five-year plan

Answer:

A. the 8th five-year plan

Read Explanation:

  • Economic reforms in India, which included liberalization, privatization, and globalization (LPG), were indeed initiated during the 8th Five-Year Plan (1992-1997) under the Narasimha Rao government.

  • P.V. Narasimha Rao was the Prime Minister of India from 1991 to 1996, and Dr. Manmohan Singh served as his Finance Minister.

  • This period is widely recognized as a turning point for the Indian economy, as the government responded to a severe economic crisis by introducing significant structural reforms.


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