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  1. Which one of the following economists proposed the LPG model of economic development in India ?
    1. Y.B. Reddy
    2. K.V. Kamath
    3. Manmohan Singh
    4. None of these
Correct Option: C

The economy of India had undergone signifcant policy shifts in the beginning of the 1990s. This new model of econimic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model. LPG model of economic development in India was proposed by Dr. Manmohan Singh, economist and finance minister at that time.


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