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    Question

    In which of the following years, progressive

    liberalisation of the Indian economy was first initiated? 
    A 1997 Correct Answer Incorrect Answer
    B 2001 Correct Answer Incorrect Answer
    C 1991 Correct Answer Incorrect Answer
    D 2003 Correct Answer Incorrect Answer
    E 1999 Correct Answer Incorrect Answer

    Solution

    The  economic liberalisation in India   refers to the  economic liberalisation, initiated in 1991, of the country's 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.

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