In India the reform policies were first introduced in which year?
A) 1951 B) 1971 C) 1991 D) 2001
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1991 is the answer.......
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Explanation:
1991
The strategy of reforms introduced in India in July 1991 presented a mixture of macroeconomic stabilization and structural adjustment.
- It was guided by short-term and long-term objectives.
Stabilization was necessary in the short run to restore balance of payments equilibrium and to control inflation.
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