​Which of the following can be considered as a long-term impact of the globalisation policies of 1991 on India’s economic structure?

Correct option is A

The correct answer is: (a) Shift towards a service-based economy

Explanation:

• Post-1991 globalisation led to rapid expansion of IT, telecom, finance, and business services.
• Services gradually became the largest contributor to India’s GDP, surpassing agriculture and industry.
• Integration with global markets boosted outsourcing, exports, and foreign investments in the service sector.

Information Booster:

• India’s service sector contributes over 50% to GDP in the long run.
• Liberalisation attracted Foreign Direct Investment (FDI) in telecom, banking, IT-BPM, and retail.
• Export-oriented growth increased due to WTO membership (1995) and global competitiveness.
• Globalisation encouraged technological adoption, boosting productivity.
• Job creation rose in IT hubs like Bengaluru, Hyderabad, Pune, and Gurugram.