Economics · Economy

Which of the following statements about economic reforms in India are correct? 1. Economic reforms aim to increase government intervention in markets to correct all distortions. 2. The economic reforms of the 1980s were highly influenced by the London Consensus. 3. India's 1991 economic reforms were triggered by structural crises like an adverse balance of payments, low foreign exchange reserves, and high fiscal deficits. 4. The 1991 economic reforms were systemic and broader in scope compared to the limited deregulation attempts of the 1980s.