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When were economic reforms introduced in India focusing on liberalisation, privatisation and globalisation?

A2010

B2000

C1975

D1991

Answer:

D. 1991

Read Explanation:

India introduced economic reforms focusing on liberalization, privatization, and globalization (LPG reforms) in 1991, triggered by a balance of payments crisis. India made LPG reforms in 1991. LPG reforms are also known as liberalisation, privatisation and globalisation reforms. They have transformed the way India as an economy works and opened the country up to the world for trade and commerce.

Related Questions:

How has globalization impacted the socio-economic landscape of India?

  1. Increased market competition has bolstered domestic industries, promoting economic growth.
  2. The dominance of multinational corporations has led to wider economic inequalities.
  3. Economic liberalization has encouraged the development of small and medium-sized enterprises (SMEs).
  4. The rise of a consumer credit society has enabled individuals to make purchases beyond their means.

    What benefits has globalization brought to rural areas in India?

    1. Extension of internet facilities and infrastructure has led to rural development and inclusive growth.
    2. Increased investments in rural areas have enhanced agricultural productivity and income.
    3. Globalization has accelerated the integration of rural communities into global value chains
      Narasimham Committee Report 1991 was related to which of the following ?
      Kerala's Akshaya Project is primarily associated with:
      സർക്കാർ നിയന്ത്രണങ്ങളെ സമ്പൂർണ്ണമായി നിരാകരിക്കുന്ന പുത്തൻ സാമ്പത്തിക നയങ്ങളെ പറയുന്ന പേര്.