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  3. 10th Class
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  5. Globalisation

10th Class Social Science Globalisation Question Bank Short Answer Type - Globalisation and The Indian Economy

  • question_answer
    What was the development strategy prior to 1991 adopted by India?

    Answer:

    Development strategy prior to 1991 adopted by India are:
    (a) Private sector as well as public sector operated side by side in the economy.
    (b) Role of public sector was expanded.
    (c) Strict regulation of private sector was observed through various instruments such as licensing system permits, etc.
    (d) Strict norms and conditions were imposed while giving permission to foreign direct investment.
    (e) Strict institutions are imports were imposed.


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