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In which Five-Year Plan was the process of economic reforms introduced in India?
Tenth
Fifth
Eighth
Sixth
- The process of economic reforms in India, often referred to as Liberalisation, Privatisation, and Globalisation (LPG), was introduced in the year 1991.
- This major shift happened during the Eighth Five-Year Plan (1992–1997).
- The Eighth Plan focused on opening up the Indian economy, encouraging private investment, and reducing government control.
- The Tenth Plan (2002–2007) and Sixth Plan (1980–1985) came before or after the reforms.
- The Fifth Plan (1974–1979) mainly targeted poverty eradication and self-reliance, not economic reforms.
Correct answer:
Option:3, Eighth
By: Parvesh Mehta ProfileResourcesReport error
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