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Standard XII
Economics
The Great Divergence
Which year ha...
Question

Which year has a special significance in India Economy?

A
1981
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B
1991
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C
2001
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D
2010
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Solution

The correct option is C 1991

The year 1991 has special significance in the Indian economy because this is the year in whichliberalization, globalization and privatization policies were introduced. This enabled foreign and private investments and protected India from economic crisis.


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