Assertion (A): After 1991, there was a spurt of foreign collaborations in India and increase flow of FDIForeign Direct Investment.
Reason (R): The liberalized Foreign Investment Policy (FIP) was announced in India in July-August 1991.
(a) A is correct and R is the correct explanation to A
(b) A is correct and R is not the correct explanation to A
(c) Both A and R are wrong
(d) A is wrong, but R is correct
