Which of the following is a part of "Liberalization" policy introduced in the year 1991?
Answer & explanation
Correct answer: option 2
Liberalization was introduced to put an end to the restrictions and open various sectors of the economy. Various reforms included deregulation of industrial Sector, financial sector reforms, tax reforms, forex reforms, trade and investment reforms etc. Whereas disinvestment is linked to privatization and outsourcing was one of the major outcomes of globalization.