Question

Liberalisation policy in India has been

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

Hint:

Liberalisation in India has been largely successful, spurring economic growth and integration into the global economy.

Answer 1

The Correct Option is A

Step 1: Understanding liberalisation in India.
Liberalisation in India refers to the economic policy reforms introduced in the 1990s aimed at reducing government restrictions and opening up the economy. These reforms resulted in significant growth, particularly in the service and manufacturing sectors.
Step 2: Analyzing the options.
(A) Successful: Correct. The liberalisation of India is generally considered successful in terms of economic growth, increased foreign investment, and development of new sectors.
(B) Unsuccessful: Incorrect. Liberalisation led to positive economic changes in India.
(C) Totally failure: Incorrect. While there were challenges, the liberalisation policies were largely successful.
(D) None of these: Incorrect, as the correct answer is (A).
Step 3: Conclusion.
The correct answer is (A) Successful, as India’s liberalisation policies have led to considerable economic growth and development.