alleryLiberalisation in India began significantly in
A1947
B1991
C1971
D2004
Answer & Solution
Correct answer: B. 1991
1. India undertook major liberalisation in 1991 in response to a balance-of-payments crisis.
2. Trade barriers were lowered and FDI rules eased.
3. This is the starting point of India's modern globalisation.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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