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    Economic reform measures in India were formally introduced in ________.​
    Question

    Economic reform measures in India were formally introduced in ________.​

    A.

    ​1990​

    B.

    ​1991​

    C.

    ​1980​

    D.

    1947

    Correct option is B

    Prime Minister P.V. Narsimha Rao and Finance Minister Manmohan Singh began the economic reform process in July 1991.

    •    It was termed as 'liberalization' by the media.
    •    The goal of the reforms was to make the economy more market and service-oriented and expand the role of private and foreign investment.

    There was significant opposition to the reforms, but both Rao and Singh continued the reforms.

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