Question
Which of the following measures helped India integrate with the global economy in 1991?
The correct answer is
Liberalisation of foreign trade policies
In 1991, India integrated with the global economy by liberalising its foreign trade policies, which included reducing tariffs and promoting foreign investment.
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Important Questions from Miscellaneous - Economics
Select the correct statement with respect to the Finance Commission of India.
- Co-operative societies are primarily accountable to which of the following?
- Privatisation was a key pillar of the New Economic Policy of 1991. Which of the following is NOT a form of privatisation?
- Disinvestment was adopted as a tool for privatisation in India. Which of the following options best defines disinvestment?
The concept of a mixed economy was central to India's early planning strategies. In the context of India's Five-Year Plans, what does the term 'mixed economy' refer to?
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