'Economic Reform' measures in India were formally introduced in
- AJuly, 1991
- BAugust, 1947
- CJanuary, 1980
- DMarch, 1990
Solution & Step-by-step Explanation
Confronted by a severe balance of payments emergency, the Government of India officially initialized sweeping economic structural adjustments, Liberalisation, Privatisation, and Globalisation (LPG policies), in July 1991 under Prime Minister P. V. Narasimha Rao and Finance Minister Dr. Manmohan Singh.