The economic reforms initiated in India after 1991 had far-reaching implications. True / false.

Question

State whether the following statements are true or false with reason.

The economic reforms initiated in India after 1991 had far-reaching implications.

Answer 1

This statement is True. 

1. After 1991, India introduced the policies of economic liberalisation and privatisation of the public sector and brought an increase in economic and industrial growth rate. 

2. These reforms changed the role of the State to focus more on social development such as in heath care, sanitation, education, etc.