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Question
The Indian government has been following the policy of liberalisation, globalisation and privatisation since
The Indian government has been following the policy of liberalisation, globalisation and privatisation since
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Solution
The correct option is B 1991
Starting around 1991, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe. It felt that competition would improve the performance of producers within the country since they would have to improve their quality. This initiative was taken by the then Prime Minister of India, P.V. Narasimha Rao and Dr. Manmohan Singh.
Starting around 1991, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe. It felt that competition would improve the performance of producers within the country since they would have to improve their quality. This initiative was taken by the then Prime Minister of India, P.V. Narasimha Rao and Dr. Manmohan Singh.
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