The main beneficiaries of the structural adjustments after 1991 included all of the following except

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Farmers generally did not benefit significantly from the structural adjustments after 1991 in India. These reforms were aimed at liberalizing the economy, encouraging foreign investment, and reducing state control in many sectors. While they opened up new opportunities for the middle class, multinational corporations, and overseas Indian investors through deregulation and liberalization, farmers faced challenges such as reduced subsidies, increased competition from imports, and a shift in focus towards non-agricultural sectors.

The Main Beneficiaries of the Structural Adjustments After 1991 Included