Q: In this task you will be given a question and a passage. You need to determine if the answer to the question is contained in the passage. If the answer can be found in the passage you should output 'True'. If the answer cannot be found in the passage you should output 'False'.
Passage: 'In response, the Narasimha Rao government, including Finance Minister Manmohan Singh, initiated economic reforms in 1991. The reforms did away with the Licence Raj, reduced tariffs and interest rates and ended many public monopolies, allowing automatic approval of foreign direct investment in many sectors. Since then, the overall thrust of liberalisation has remained the same, although no government has tried to take on powerful lobbies such as trade unions and farmers, on contentious issues such as reforming labour laws and reducing agricultural subsidies. By the turn of the 21st century, India had progressed towards a free-market economy, with a substantial reduction in state control of the economy and increased financial liberalisation. This has been accompanied by increases in life expectancy, literacy rates and food security, although urban residents have benefited more than rural residents.'. Question: 'the year 1991 is an important date in the history of india's economy because in this year'.
A:
True