Social Sciences, asked by Nishthashree2979, 11 months ago

In which year did India advocate the policy of liberalization?Answer the given question in short.

Answers

Answered by Anonymous

Answer:

Manmohan Singh Economic liberalisation in India was initiated in 1991 by Prime Minister P. V.

Answered by topanswers

Answer:

Back in 1991, India advocated the policy of economic liberalization in India.

Explanation:

The policy was introduced by then Prime Minister of India P. N. Narasimha Rao. Economic liberalization policy is a policy that made the private investments increased and liberal with certain conditions. This made the Indian economy service and marketing oriented.

This policy reduced the unfavorable Balance of Payment situation by devaluing the rupee to increase the exports.

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