Who was the Prime Minister of India when the Industrial Policy of 1991 was launched?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. PV Narasimha Rao
- The Prime Minister of India when the Industrial Policy of 1991 was launched was P.V. Narasimha Rao.
- His tenure as Prime Minister was significant for India as it marked a period of economic reforms and liberalization, including changes in industrial policies, that aimed to open up the Indian economy to globalization and foreign investment.
- These reforms had a profound impact on India's economic trajectory.