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In which Five-Year Plan was the process of economic reforms introduced in India?
Question

In which Five-Year Plan was the process of economic reforms introduced in India?

A.

Tenth

B.

Fifth

C.

Eighth

D.

Sixth

Correct option is C

The correct answer is (c) Eighth.
 The Eighth Five-Year Plan was scheduled to be introduced in April 1990 but it was introduced in 1992.
 At that time, the country was going through a severe economic crisis.
 The government launched India's free-market reforms that brought the nearly bankrupt nation back from the edge.
 These reforms, often referred to as the "Liberalization, Privatization, and Globalization (LPG)" agenda.
 Tenth Five-Year Plan (2002-2007): This plan focused on consolidating and accelerating the gains made from earlier reforms.
 Fifth Five-Year Plan (1974-1979): This plan focused on poverty alleviation and social welfare programs, with limited emphasis on economic reforms.

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