'Economic Reforms' were introduced in India in:
- A1889
- B1990
- C1991
- D1992
Solution & Step-by-step Explanation
Facing a critical balance of payments crisis, India officially launched its comprehensive landmark Economic Reforms under the leadership of Prime Minister P.V. Narasimha Rao and Finance Minister Dr. Manmohan Singh in July 1991. This policy framework is popularly known as the Liberalization, Privatization, and Globalization (LPG) model.