Which of the following features was not responsible for the launching of the radical economic reforms of 1991 in India?

CA Foundation · Business Economics · PYQS · May 2026
Which of the following features was not responsible for the launching of the radical economic reforms of 1991 in India?
(A) A. Severe strain on balance of payments
(B) B. Heavy internal and external debt
(C) C. High foreign exchange reserves
(D) D. Stringent conditions of IMF for availing further loans

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. High foreign exchange reserves

Topics: Indian Economy

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