Which of the following is the feature of "Structural reforms" of New Economic Policy, in year 1991?
Answer & explanation
Correct answer: option 4
Structural reform policies were long-term measures, aimed at improving the efficiency of the economy and increasing its international competitiveness by removing the rigidities in various segments of the Indian economy. The government initiated a variety of policies which fall under three heads i.e. liberalisation, privatisation and globalisation.