Question : The 1991 economic liberalization in India included measures such as:
Option 1: Increasing subsidies for agriculture
Option 2: Strengthening labor laws
Option 3: Reducing barriers to foreign trade and investment
Option 4: Expanding the public sector
Correct Answer: Reducing barriers to foreign trade and investment
Solution : The 1991 economic liberalization in India included measures such as reducing barriers to foreign trade and investment, privatizing state-owned enterprises, and deregulating various sectors of the economy.