Question

Liberalisation policy in India has been

• A. Successful
• B. Unsuccessful
• C. Total failure
• D. None of these

Hint:

Liberalisation led to greater integration of India into the global economy and resulted in faster economic growth.

Answer 1

The Correct Option is A

Step 1: Understand liberalisation policy.
Liberalisation refers to the process of reducing restrictions and opening up the economy to greater foreign investment and market forces. India’s liberalisation policy, which began in the early 1990s, aimed at economic reforms such as reducing import tariffs, devaluing the currency, and privatizing state-owned enterprises.
Step 2: Evaluate the options.
- The liberalisation policy in India has largely been considered successful in fostering economic growth, increasing foreign investment, and modernizing industries. - While challenges remain, the overall impact has been positive.
Step 3: Conclude.
The liberalisation policy in India has been successful in transforming the economy.
Final Answer: \[ \boxed{\text{Successful}} \]