Question

India's economic development can be divided into two main phases. In which year did the second phase begin?

• A. 1990

Answer 1

The correct option is A 1990
After the foreign exchange crisis, India's economy witnessed a huge downfall. The entire economic planning changed after this. Hence, India’s economic planning can be divided into two main phases. The first phase, i.e., 1951 to 1990, and the second from 1990 onwards. After 1990, the growth of the Indian economy reached new heights.