Economics · Economic Reforms

In contrast to macro-stabilization, what was the principal aim of the Second Generation Economic Reforms initiated in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Nationalizing remaining private commercial banks to increase financial inclusion
2Deep-seated structural changes, institutional reforms, and microeconomic adjustments✓
3Introducing a uniform currency peg with international trade partners
4Averting immediate balance of payment crises through IMF loans

Correct answer

Deep-seated structural changes, institutional reforms, and microeconomic adjustments

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