Faced with a severe economic crisis, India embarked on comprehensive economic reforms in
The main strategy adopted in the new economic policy of 1991 was
Asked in UPPSC Upper Mains 2015 · Topic: Nature of Indian Economy (Evolution from Planned to Market-Oriented Economy)
More Economic Development questions
- These reforms aimed at shifting the economy from a protected, state-controlled model to a more market-oriented one. The three key pillars of this strategy were Liberalisation (reducing government controls), Privatisation (reducing the role of the public sector), and Globalisation (integrating the Indian economy with the world economy). 197. Economic liberalisation in India started with
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- Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?
- Economic reforms towards liberalization were introduced in the year
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- Insolvency and Bankruptcy Code came into force from
- When was the Competition Act enacted ?
- In 1991 economic reform, which policy measure was **not** undertaken ?