What is one key indicator of economic development that showed consistent improvement in India post 1991?

Correct option is C

Correct Answer: (c) Foreign exchange reserves
Explanation:
· After the 1991 economic reforms, India’s foreign exchange reserves showed consistent and significant improvement.
· In 1991, India had reserves barely enough for two weeks of imports.
· Liberalisation, increased exports, FDI inflows, and a market-driven exchange rate helped reserves rise steadily over the years.
Information Booster:
· Foreign exchange reserves are a key indicator of a nation's economic stability and growth potential.
· Post-1991, India’s reserves improved due to:
· Higher FDI and FPI inflows
· Growth in IT and service exports
· Rising remittances
· Better external sector management
· Today, India is among the countries with the largest forex reserves globally.