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Eduncle posted an MCQ
October 13, 2019 • 18:19 pm 0 points
  • UGC NET
  • Commerce

For which one of the basic reasons, the ?Structural Adjustment Programme? was undertaken in India in 1991 ?

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    Eduncle Best Answer

    In 1991, India faced an unprecedented balance of payments crisis. Important element of new economic policy is the adoption of what are called Structural Adjustment Reforms which sought to change the nature of Indian economic system by ultimately establishing a free market economy. Under this structural adjustment programme, the role of public sector in economic development had been diluted and that of private sector enhanced and expanded.

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