Practicing Success
Globalisation means the integration of the various economies of the world leading towards the emergence of a cohesive global economy. Till 1991, the Government of India had followed a policy of strictly regulating imports in value and volume terms. These regulations were with respect to |
How did the policy changes in 1991, as mentioned in the passage, impact India's position in the global economy? |
Moved the country towards isolation Increased tariff restrictions Shifted the country towards a pattern of globalization Led to stricter licensing of imports |
Shifted the country towards a pattern of globalization |
The passage notes that through the policy changes in 1991, the government of India moved the country to a globalization pattern. |