Economics · Indian Economy
The primary goal of India's economic liberalization policy, introduced in 1991, was to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Nationalize key private industries and expand public sector monopolies
- 2Limit foreign investments and restrict imports from foreign countries
- 3Reduce trade barriers, open the economy, and encourage private sector participation✓
- 4Increase government control and licensing over private businesses
Correct answer
Reduce trade barriers, open the economy, and encourage private sector participation
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