39 Economic Reform 39 measures in India were formally introduced in ........

Economic and Social Issues Liberalization, Privatization and Globalisation

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'Economic Reform' measures in India were formally introduced in

July, 1991

August, 1947

January, 1980

March, 1990

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Explanation:

Prime Minister P.V. Narsimha Rao and Finance Minister Manmohan Singh began the economic reform process in July 1991.
It was termed as 'liberalization' by the media.
The goal of the reforms was to make the economy more market and service-oriented and expand the role of private and foreign investment.
There was significant opposition to the reforms, but both Rao and Singh continued the reforms.