Which of the following country was the first to liberalize its economy in South Asian Region?

Sri Lanka

The correct answer is Option (2) → Sri Lanka

".. In spite of the conflict, Sri Lanka has registered considerable economic growth and recorded high levels of human development. Sri Lanka was one of the first developing countries to successfully control the rate of growth of population, the first country in the region to liberalise the economy, and it has had the highest per capita gross domestic product (GDP) for many years right through the civil war. Despite the ravages of internal conflict, it has maintained a democratic political system...