The ultimate benefits of liberalisation, privatisation and globalisation in India are the _____.

sizeable decrease in foreign exchange reserves

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sizeable increase in foreign exchange reserves

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sizeable decrease in income of the country

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drying up of country's foreign exchange reserves

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Solution

The correct option is C sizeable increase in foreign exchange reserves

The economy of India had undergone significant policy shifts in the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model. The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world.

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