Economics · Economic Reforms of 1991
In the context of the 1991 economic reforms in India, 'Liberalisation' primarily means:
- 1free play of market forces in all sectors with absolutely zero regulations
- 2reduction in control and regulations of the government over the private sector✓
- 3increase in control of the government over the private sector
- 4increase in restrictions on imports and exports
Correct answer
reduction in control and regulations of the government over the private sector
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