Question : Who was the Prime Minister of India when the Industrial Policy of 1991 was launched?
Option 1: Rajiv Gandhi
Option 2: P. V. Narasimha Rao
Option 3: Chandra Shekhar
Option 4: V. P. Singh
Correct Answer: P. V. Narasimha Rao
Solution : The correct option is P. V. Narasimha Rao.
The Industrial Policy of 1991 in India was launched during the tenure of Prime Minister P. V. Narasimha Rao. The reforms included measures such as liberalisation of industrial licensing, reduction of trade barriers, encouragement of foreign direct investment (FDI), and privatisation of some public sector enterprises.
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