Economics · Economic Reforms in India
What was the immediate and major macroeconomic objective of India's 1991 economic reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To increase direct government control over all industries
- 2To nationalise all major private companies
- 3To stabilise India's economy and resolve the balance of payments crisis✓
- 4To reduce taxes on luxury goods
Correct answer
To stabilise India's economy and resolve the balance of payments crisis
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