Who initiated the new economic reforms in the 1990s that radically changed India's economic direction?
1) B.P. Mandal
2) Indira Gandhi
3) Rajiv Gandhi
4) Atal Bihari Vajpayee

Choose the correct answer from the given options:

3

The third significant development in the 1990s encompassed a distinct shift in economic policy pursued by different governments. This marked the inception of the structural adjustment programme, also referred to as the new economic reforms. Initiated by Rajiv Gandhi, the impact of these alterations became particularly evident in 1991 and led to a profound redirection from the economic course India had followed post-independence. While these policies faced substantial critique from diverse movements and organizations, subsequent governments during this period have persisted in their implementation.