What has been the trend in India’s per capita income since the 1991 reforms?

Correct option is D

The correct answer is (d) Gradual increase
Explanation:
· Since the economic reforms of 1991, India’s per capita income has steadily increased, reflecting economic liberalisation and growth.
· Structural reforms in trade, industries and finance enhanced productivity and investment.
· Even though growth rates fluctuated year-to-year, the long-term trend shows a clear upward trajectory.
Information Booster:
· India’s per capita income has grown more than four times since 1991.
· Liberalisation led to the expansion of services, manufacturing and foreign investment, which boosted individual income levels.
Additional Knowledge:
· Option (a) is incorrect: growth has been significant.
· Option (b) is incorrect: India has not experienced a continuous decline in per capita income.
· Option (c) is incorrect: while annual growth varies, the long-term pattern is upward.