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Q.

Choose the given statement is true or false.


The Indian Government implemented liberalization policies after 1991.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
In 1991, the New Economic Policy was adopted for our country. This policy focused on opening up the economy and removing barriers. The Indian government implemented Liberalization by eliminating barriers to international trade. The government has made labour laws flexible so MNCs can hire labour easily. It also removed many restrictions on foreign investment. MNCs can easily export to our country and set up production units and factories.
 
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