Which of the following are post-liberalisation developments in India?
[(A)] Ikea store in Hyderabad
[(B)] ICICI-Lombard selling insurance
[(C)] HYV seeds
[(D)] MTV
Choose the correct answer from the options given below:
[(A)] Ikea store in Hyderabad
[(B)] ICICI-Lombard selling insurance
[(C)] HYV seeds
[(D)] MTV
Choose the correct answer from the options given below:
- (A), (B) and (D) only
- (A), (B) and (C) only
- (A), (C) and (D) only
- (B), (C) and (D) only
The Correct Option is A
Approach Solution - 1
Approach Solution -2
Post-liberalisation developments in India refer to the changes that took place after the 1991 economic reforms. These reforms included liberalisation, privatisation, and globalisation, which opened up the Indian economy to foreign investments, international trade, and private sector growth. The developments in the list that align with post-liberalisation trends are:
(A) Ikea store in Hyderabad: This represents a foreign direct investment (FDI) in India and the entry of multinational corporations into the Indian market after liberalisation.
(B) ICICI-Lombard selling insurance: This is an example of the financial sector opening up post-liberalisation, where private players like ICICI entered into the insurance market, which was previously dominated by state-owned companies.
(D) MTV: The arrival of MTV in India, with its focus on youth culture, music, and entertainment, marks the influence of globalisation and liberalisation on Indian television and media after 1991.
However:
(C) HYV seeds: The use of HYV (High-Yielding Variety) seeds started in the 1960s, during the Green Revolution, and was not a development directly tied to post-liberalisation India. It predates the 1991 economic reforms.
Thus, the correct answer is (A): (A), (B) and (D) only.
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