1. Assertion (A): The rate of growth of India's exports has shown an appreciable increase after 1991. 2. Reason (R): The Govt. of India has resorted to devaluation.

1. Assertion (A) is true. Following the economic liberalization reforms initiated in 1991, India's exports experienced a significant acceleration in their rate of growth due to factors like trade policy reforms, deregulation, and improved competitiveness. 2. Reason (R) is true. A key component of the 1991 reform package was a substantial devaluation of the Indian Rupee undertaken by the Govt. of India to make exports cheaper and imports dearer, aiming to correct the balance of payments crisis and boost export performance. 3. The devaluation (R) was a direct policy measure intended to stimulate export growth (A). Therefore, R is a correct explanation of A.