Question

What was adopted for long term in 1991
a) control inflation
b) industrial Reform
c) Fiscal stabilisation
d) BOP adjustment

Answer 1

Answer:

Answered by Waymaker

• (c) Industrial reforms

Answer 2

Answer:

Industrial Reforms.

Explanation:

In the backdrop of severe Balance of Payment Crisis of 1991, the Government in continuation of the measured announced during the 1980s announced a New Industrial Policy on July 24, 1991.

The new industrial policy was a major structural break for the Indian economy. The policy has deregulated the Industrial sector in a substantial manner. The major aims of the new policy were; to carry forward the gains already made in the industrial sector; Correct the existing market distortion from the industrial sector; to provide gainful and productive employment; to attain global competitiveness.

I hope this will help you guys.

TY.