Which of the following events marked a significant shift towards inclusive growt
Practice Questions
Q1
Which of the following events marked a significant shift towards inclusive growth in India during the 1990s? (1991)
Green Revolution
Economic Liberalization
Panchayati Raj
Nationalization of Banks
Questions & Step-by-Step Solutions
Which of the following events marked a significant shift towards inclusive growth in India during the 1990s? (1991)
Step 1: Understand what 'inclusive growth' means. It refers to economic growth that benefits all sections of society, especially the poor and marginalized.
Step 2: Identify the time period in question, which is the 1990s in India.
Step 3: Recognize that in 1991, India underwent 'Economic Liberalization'. This means the government started to open up the economy to global markets.
Step 4: Note that Economic Liberalization included reducing restrictions on businesses, encouraging foreign investment, and promoting trade.
Step 5: Understand that these changes created more job opportunities and improved access to goods and services for more people.
Step 6: Conclude that Economic Liberalization in the 1990s was a key event that marked a shift towards inclusive growth in India.
