Why did the Indian government liberalize trade regulations in 1991

Globalization and Indian Economy (10)

Why did the Indian government liberalize trade regulations in 1991?

  1. Government wanted foreign exchange equivalent to Indian Currency.
  2. Government wanted to maintain good relations with Western Countries.
  3. Government wanted Indian producers to compete in the World Market.
  4. Government wanted to provide socio-economic justice to all.

Answer

(C) Govt. wanted Indian producers to compete in the world Market.

  • Exam Year: 2023