Political Science · International Relations
After the New Economic Policy of 1991, who opined that India would recover from her crisis and carry out adjustment programmes within a short duration, unlike other economies in a similar situation?
AAmerica
BWorld Bank ✓ Correct
CUnited Nations
DNone of the above
Correct answer: (B) World Bank — The World Bank gave this favourable opinion, so the answer is the World Bank.
Explanation
★The World Bank gave this favourable opinion, so the answer is the World Bank.
★The World Bank backed India's 1991 reform programme.
★It expected India to recover quickly from its payments crisis.
★It praised the speed of India's structural adjustment.
★It judged India better placed than many comparable economies.
★So this optimistic assessment came from the World Bank.
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