Economics · Economy
What was the primary objective of India's economic liberalization policies introduced in 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To nationalize all major private commercial banks
- 2To heavily tax imported goods to protect domestic traditional industries
- 3To reduce government control over businesses and open up the economy✓
- 4To increase public sector monopoly and reduce foreign investment
Correct answer
To reduce government control over businesses and open up the economy
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