Which services have grown rapidly in Indian economy after 1991?

Correct option is D

The correct answer is (d) More than one of the above. After the economic liberalization in 1991, several sectors in the Indian economy have witnessed rapid growth, notably within the services sector.
(a) Business services, including IT and IT-enabled services (ITES), have seen exponential growth, making India a global hub for outsourcing and business process outsourcing (BPO) services.
(b) Communication services have also expanded significantly with the liberalization of the telecommunications sector, leading to widespread adoption of mobile telephony and the internet across the country.
(c) Banking services have undergone substantial reforms leading to improved efficiency, the introduction of new financial products, and greater integration with the global financial system. These changes have spurred growth in the banking sector, including increased penetration of banking services in rural areas.
The liberalization policies initiated in 1991, aimed at making the economy more market-oriented and service-driven, have significantly contributed to the rapid expansion of these services, making the services sector a key driver of India's economic growth.