The period of militancy in Punjab had a significant impact on the state’s:

The correct answer is: d) All of the above

The period of militancy in Punjab had a significant impact on the state’s economy, social fabric, and political stability.

• The economy of Punjab was severely affected by the militancy. The state’s industrial production declined, and its agricultural sector was also hit hard. The militancy also led to a decline in tourism, which was a major source of income for the state.
• The social fabric of Punjab was also deeply affected by the militancy. The violence and lawlessness led to a breakdown of law and order, and people were afraid to leave their homes. The militancy also led to a rise in communal tensions, as the militants targeted Hindus and Sikhs.
• The political stability of Punjab was also severely affected by the militancy. The state government was unable to control the situation, and the central government had to intervene. The militancy also led to a decline in the popularity of the Congress Party, which had been the ruling party in Punjab for many years.

The militancy in Punjab had a devastating impact on the state. It took many years for the state to recover from the violence and instability.