With what statement would supporters of market reforms in India agree? Privatization attracts investment and jobs from foreign companies. It refers to the reforms of the country's economic policies (1991), with the goal of making the economy more market/service oriented, and expanding the role of private and foreign investment. It included a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment. An inclusive economic growth strategy was debated.
At that time, a structural adjustment loan through India's ministry of finance was made primarily to support the government's economic reform.