As part of its IMF conditionality agreement,India was required to __________.
A)subsidize its export sector
B)increase the amount of foreign currency reserves held in its central bank
C)reorient its economy to increase domestic consumption
D)sell off inefficient state-owned enterprises and reduce bureaucracy

Question

Quizplus · Accepted Answer

The conditionality agreement with the IMF required India to sell off inefficient state-owned enterprises and reduce bureaucracy. This was aimed at increasing efficiency and competitiveness in the economy. The other options are not mentioned as requirements in the IMF conditionality agreement for India.

As Part of Its IMF Conditionality Agreement,India Was Required to __________