The Eighth five year plan was finally launched in ______ after the initiation of structural adjustment policies.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1992.
- The Eighth Five-Year Plan in India, launched in 1992, marked a significant shift in economic strategy following the initiation of structural adjustment policies.
- These policies, implemented in 1991, aimed to liberalize the economy by reducing government control, promoting privatization, and encouraging foreign investment.
- The Eighth Plan reflected these changes, focusing on accelerating economic growth, improving infrastructure, and addressing social equity. It aimed to balance economic reforms with development goals, responding to the challenges posed by the new economic environment.