Question : What was a significant step taken by India in the context of globalization?
Option 1: Nationalization of industries
Option 2: Economic liberalization reforms in 1991
Option 3: Increased trade barriers
Option 4: Isolation from global markets
Correct Answer: Economic liberalization reforms in 1991
Solution : India's significant step in the context of globalization was the economic liberalization reforms in 1991, which opened up its economy to global markets