{"id":1771,"date":"2024-03-29T21:15:36","date_gmt":"2024-03-29T15:45:36","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1771"},"modified":"2024-04-03T07:11:23","modified_gmt":"2024-04-03T01:41:23","slug":"q-which-of-the-following-has-have-occurred-in-india-after-its-liberalization-of-economic-policies-in-1991","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-which-of-the-following-has-have-occurred-in-india-after-its-liberalization-of-economic-policies-in-1991","title":{"rendered":"Q.\u00a0Which of the following has\/have occurred in India after its liberalization of economic policies in 1991?"},"content":{"rendered":"\n
    \n
  1. Share of agriculture in GDP increased enormously.<\/strong><\/li>\n\n\n\n
  2. Share of India\u2019s exports in world trade increased.<\/li>\n\n\n\n
  3. FDI inflows increased.<\/li>\n\n\n\n
  4. India\u2019s foreign exchange reserves increased enormously.<\/strong><\/li>\n<\/ol>\n\n\n\n

    Select the correct answer using the codes given below:<\/p>\n\n\n\n

      \n
    • 1 and 4 only<\/li>\n\n\n\n
    • 2, 3 and 4 only<\/li>\n\n\n\n
    • 2 and 3 only<\/li>\n\n\n\n
    • 1, 2, 3<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer:<\/strong> (b) 2, 3 and 4 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h5>\n\n\n\n
        \n
      • The share of agriculture in India`s GDP has been declining since the 1990s, as the country has been transitioning towards a more service-oriented economy<\/strong>. According to data from the World Bank, the share of agriculture in India`s GDP was 29.1% in 1991 and has since decreased to around 15% in recent years.<\/strong><\/li>\n\n\n\n
      • India\u2019s share of world exports has been steadily increasing since the 1990s<\/strong>. In 1991, India`s share of world exports was just 0.5%, but by 2019, it had increased to 1.7%. This growth can be attributed to several factors, including the liberalization of trade policies, the development of export-oriented industries, and improvements in infrastructure and logistics.<\/li>\n\n\n\n
      • After the liberalization of economic policies, India saw a significant increase in foreign direct investment (FDI) inflows.<\/strong> In 1991, India received just $132 million in FDI, but by 2020, this had increased to $81.7 billion. FDI inflows have played an important role in driving economic growth in India, particularly in sectors such as manufacturing, services, and infrastructure.<\/li>\n\n\n\n
      • India\u2019s foreign exchange reserves have increased significantly since the 1990s, reaching an all-time high of $608 billion in May 2021<\/strong>. These reserves provide a cushion against external shocks and help maintain macroeconomic stability. The increase in reserves can be attributed to several factors, including the growth in exports, remittances, and FDI inflows.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        Select the correct answer using the codes given below: Answer: (b) 2, 3 and 4 only Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[56],"class_list":["post-1771","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-56"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":56,"label":"2017"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1771"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1771\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1771"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}