Economics · Indian Economy
Which of the following was NOT considered a positive outcome or direct structural objective of the 1991 economic reforms in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reduction in the fiscal deficit
- 2Increase in the GDP growth rate
- 3Expansion of consumerism and conspicuous consumption✓
- 4Reduction in the rate of inflation
Correct answer
Expansion of consumerism and conspicuous consumption
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