Which organisation’s support was crucial in India’s globalisation post-1991 crisis?
The correct answer is (a) IMF
Explanation:
. IMF provided emergency loan.
. Loan tied to economic reforms.
. Led to LPG reforms.
. Addressed BoP crisis.
. Opened Indian economy.
Information Booster:
. Reforms led by Dr. Manmohan Singh.
. Forex reserves were critically low.
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Which organisation’s support was crucial in India’s globalisation post-1991 crisis?
How did globalisation affect India’s economic growth?
Liberalisation reduced government control over economic activities. What did liberalisation in 1991 primarily aim to eliminate?
