Economics · Economic Reforms 1991 & LPG Policies
What was the primary shift in emphasis regarding public enterprises following the economic reforms initiated in 1991 under P. V. Narasimha Rao and Manmohan Singh, marking the transition towards Liberalization, Privatization, and Globalization?
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- 1A shift from corporate management to operating all commercial enterprises as departmental undertakings.
- 2The emphasis moved from expansion to efficiency, restructuring, and competitiveness.✓
- 3An increased reliance on public enterprises to control key sectors, regulate prices, and provide essential goods.
- 4A shift towards rapid expansion in steel, mining, and heavy engineering to reduce dependence on foreign imports.
Correct answer
The emphasis moved from expansion to efficiency, restructuring, and competitiveness.
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