Which of the following policy was NOT a part of Policy reforms undertaken by India in 1991 crisis?

Decentralisation

Among the listed options, the policy NOT part of the policy reforms undertaken by India in the 1991 crisis was Decentralisation.

While the other three options were crucial aspects of the 1991 reforms:

• Liberalisation: This involved reducing government control over the economy, such as removing licensing requirements and opening up sectors to private and foreign investment.
• Privatisation: This meant transferring ownership of public sector enterprises (PSUs) to the private sector.
• Globalisation: This aimed at integrating India's economy with the global market by reducing trade barriers and encouraging foreign trade.