Question

What was the main purpose of trade liberalisation in the 1991 economic reforms?

Options

• To increase government control over imports

• To impose more restrictions on exports

• To reduce import restrictions and establish SEZs

• To promote only domestic goods

Answer 1

To reduce import restrictions and establish SEZs

Explanation:

Trade liberalisation aimed to ease import restrictions and create Special Economic Zones (SEZs) to encourage global trade and investment.