Multiple choice

The first attempt, though unsuccessful, to liberalise the Indian economy was taken in

  1. 1954

  2. 1966

  3. 1985

  4. 1989
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The economic liberalisation in India refers to ongoing economic reforms in India that started on July 24, 1991. After Independence in 1947, India adhered to socialist policies. Attempts were made to liberalise the economy in 1966 and 1985. The first attempt was reversed in 1967. Thereafter, a stronger version of socialism was adopted. Second major attempt was in 1985 by Prime Minister Rajiv Gandhi.

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