In the context of the economic reforms and industrial delicensing in India in the 1990s, 'white goods' referred to consumer durable goods like refrigerators, washing machines, televisions, air conditioners, etc. These items were often associated with rising disposable incomes and were considered significant purchases reflecting a certain lifestyle, sometimes referred to as 'conspicuous consumption'. While option C is not a precise definition of white goods, it describes their market positioning and perception during that period, which likely is the intended meaning in this specific question context.