Correct option is D
The correct answer is (d) Made it grow faster
Explanation:
. Globalisation expanded trade and foreign investment.
. India opened its economy after 1991 reforms.
. GDP growth rate increased in the post-reform period.
. Indian industries gained access to global markets.
. Service sector growth accelerated significantly.
Information Booster:
. LPG reforms stand for Liberalisation, Privatisation and Globalisation.
. Reforms were introduced in 1991.
Additional Knowledge:
Had no effect (Option a)
. Incorrect as growth trends changed post-1991.
. Data shows clear impact.
Slowed it down (Option b)
. Opposite of actual outcome.
Reduced GDP (Option c)
. GDP growth increased, not reduced.