Economy of India: Historical Overview and Current Trends
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Economy of India: Historical Overview and Current Trends

Created by
@SupportingMarimba

Questions and Answers

What percentage of Indians pay income taxes, according to the text?

  • 2% (correct)
  • 15%
  • 10%
  • 5%
  • What was the economic impact of the 2008 global financial crisis on India's GDP?

  • It decreased (correct)
  • It remained steady
  • It increased
  • It remained unaffected
  • What is one of the key priorities for achieving sustainable economic growth in India, according to the World Bank?

  • Abolishing land and labor regulations (correct)
  • Decreasing private investment
  • Increasing military expenditure
  • Increasing government ownership
  • What was the duration of the period during which India was the largest economy in the world?

    <p>1700 years</p> Signup and view all the answers

    What was the term used to describe India's economy during the period of government ownership and protectionist policies?

    <p>Drigism</p> Signup and view all the answers

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