Economics · Economic Reforms 1991
Which of the following was NOT an immediate goal or direct driving objective of the structural economic reforms initiated in India in 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transition towards a more liberal, market-oriented, and globally integrated economy
- 2Restore macroeconomic stability and curb high inflation rates
- 3Resolve the severe Balance of Payments (BoP) crisis
- 4Promote complete public sector monopoly and self-reliance in the heavy defence manufacturing sector✓
Correct answer
Promote complete public sector monopoly and self-reliance in the heavy defence manufacturing sector
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