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Question
The ‘Structural Adjustment Programme’ forced India to accept a policy of __________.
The ‘Structural Adjustment Programme’ forced India to accept a policy of __________.
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Solution
The correct option is D Liberalisation
In 1992, the Indian government led by P.V Narasimha Rao negotiated with the International Monetary Fund (IMF) for loans to support the economic crisis faced by India at the time. The IMF laid out certain strict conditions, known as the ‘Structural Adjustment Programme’, which forced India to accept a policy of liberalisation.
In 1992, the Indian government led by P.V Narasimha Rao negotiated with the International Monetary Fund (IMF) for loans to support the economic crisis faced by India at the time. The IMF laid out certain strict conditions, known as the ‘Structural Adjustment Programme’, which forced India to accept a policy of liberalisation.
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