Economics · Economic Reforms
With reference to the Economic Reforms introduced in India in 1991, the policies were broadly divided into two groups. The first group, known as the 'Stabilisation Programme' (SP), was primarily intended for the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Combined short-term and long-term cyclical policy management.
- 2Long-term period to achieve sustained higher GDP growth.
- 3Medium-term period to change structural rigidities.
- 4Short-term period to correct balance of payments crises and control inflation.✓
Correct answer
Short-term period to correct balance of payments crises and control inflation.
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