Question

In which of the following years, progressive liberalisation of the Indian economy was first initiated?

Q: Answer-In which of the following years, progressive liberalisation of the Indian economy was first initiate...

The economic liberalisation in India refers to the economic liberalisation, initiated in 1991, of the countrys economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment. Specific changes include a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment.