Economics · Economic Reforms
What was the primary objective of the 1991 economic reforms introduced in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To strictly enforce an import substitution industrialization strategy
- 2To liberalize, privatize, and globalize the economy✓
- 3To nationalize major private commercial banks
- 4To increase public sector dominance in core industries
Correct answer
To liberalize, privatize, and globalize the economy
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