Economics · Economic Reforms
The Economic Reforms in India (post-1991) led to a significant change in the government's approach to industrial ownership. Which of the following best characterises this change?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An increase in the statutory reserve requirements (SLR and CRR) for all commercial banks.
- 2The complete transfer of all public sector banks to foreign ownership.
- 3A move from a policy of laissez-faire to one of comprehensive central planning.
- 4A shift from a policy of outright nationalisation to a policy of disinvestment and opening up key sectors to the private sector.✓
Correct answer
A shift from a policy of outright nationalisation to a policy of disinvestment and opening up key sectors to the private sector.
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