Question

Which of the following is a result of economic reforms in India?

• A. Liberalization
• B. Nationalization
• C. Globalization
• D. All of these

Hint:

Globalization has transformed India into a global economic player, allowing increased foreign trade and investment.

Answer 1

The Correct Option is C

Step 1: Economic Reforms Overview.
Economic reforms in India, particularly since the 1990s, have led to major changes in the country's economy, especially in terms of globalization. These reforms have allowed foreign companies to invest in India, increased trade, and integrated India more into the global economy.
Step 2: Analysis of options.
- (A) Liberalization: While liberalization is part of the economic reforms, it is not the only outcome.
- (B) Nationalization: Nationalization is not part of the recent economic reforms, but rather part of earlier policies.
- (C) Globalization: This is the key result of India's economic reforms, leading to increased foreign investment, trade, and global economic integration.
- (D) All of these: Although liberalization and nationalization are important, globalization is the most significant outcome of these reforms.
Step 3: Conclusion.
The key result of economic reforms in India has been globalization, so the correct answer is (C) Globalization.