From which year the long phase of Globalization, Liberalization and Privatization began in India?
(1) 1977
(2) 1984
(3) 1989
(4) 1991
Answer & explanation
Correct answer: option 4
The correct answer is Option 4 - 4 (1991)
Liberalisation, Globalisation and Privatisation was a part of the new economic reforms that were introduced by the Indian Government in 1991.
Manmohan Singh was the Finance Minister & the Prime Minister was Narsimha Rao, when the New Economic Policy was introduced in India.