In the post-Independence period, economic reforms were first introduced in India under :
Options:
A . Indira Gandhi Government (1980)
B . Rajiv Gandhi Government (1985)
C . Janata Party Government (1977)
D . P.V. Narsimha Rao Government (1990)
Answer: Option D Answer: (d) The economy of India had undergone significant policy shifts at the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model. LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time under the PV Narshimha Rao Government in 1990.
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