MP Board · Class 10 · Social Science · Economics: Globalisation and the Indian EconomyIn which year did the Indian government decide to remove barriers on foreign trade and foreign investment to a large extent?
Step-by-Step Solution
Starting around 1991, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe.
Detailed Options Breakdown
Option : 1981
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 1: 1991 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: 2001
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 3: 1971
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
💡 Study Guide: This question tests core syllabus concepts from Economics: Globalisation and the Indian Economy. For formulas, key summaries, and mock exam reference guides, read the full Economics: Globalisation and the Indian Economy Revision Notes.