Economics · Indian Economic Reforms
Consider the following statements about India's post-1991 economic reforms: I. The 1991 reforms involved delicensing of industries, trade liberalisation, and disinvestment. II. The Balance of Payments crisis of 1991 was a key trigger for structural adjustment in India. III. India's GDP growth consistently exceeded 8% in every single year from 1991 to 2010. IV. The service sector has been the primary driver of India's GDP growth since the 1990s. Which of the statements given above are CORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III, and IV
- 2II, III, and IV only
- 3I and III only
- 4I, II, and IV only✓
Correct answer
I, II, and IV only
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