Question

Which sector of the economy was impacted by reforms like the reduction of subsidies after 1991?

• A. Tourism
• B. Agriculture
• C. Industrial sector
• D. IT sector

Answer 1

Answer:

B. Agriculture

Agriculture was significantly impacted by reforms such as the reduction of subsidies after 1991, affecting farmers and agricultural practices. In 1991, India embarked on an economic overhaul to aid the country's ailing economy. The reforms aimed at doubling the amount of food produced. As a result of the green revolution and deregulation, agriculture's GDP has increased.