Question

Q10, state any two outcome of
implementation of economic reforms in In
1991?
​

Answer 1

—-India market captured by the big industrialist through globalisation


—— Public sector release many industries for private sector through privatisation

Answer 2

Answer:

Although unsuccessful attempts at liberalization were made in 1966 and the early 1980s, a more thorough liberalization was initiated in 1991. Specific changes included reducing import tariffs, deregulating markets, and reducing taxes, which led to an increase in foreign investment and high economic growth in the 1990s and 2000s. From 1992 to 2005, foreign investment increased 316.9% and India's gross domestic product (GDP) grew from $266 billion in 1991 to $2.3 trillion in 2018