Question

Which of the following was the main reason behind initiating the economic reforms in the country?

• A. India was facing a huge fiscal deficit issue
• B. India had an adverse balance of payments
• C. The rise in the prices of several essential commodities
• D. All of the above

Answer 1

Answer:

D. All of the above

Economic Reforms

• India was facing a huge fiscal deficit issue

• India had an adverse balance of payments

• The rise in the prices of several essential commodities