5 Questions
What was the basis of India's economic policies from independence until 1991?
Soviet model and protectionist economic policies
What has been the average annual GDP growth since the start of the 21st century?
6% to 7%
What led to the adoption of broad economic liberalization in India in 1991?
Acute balance of payments crisis
What percentage of the global economy does India account for in 2022 in PPP terms?
7.2%
What impact did COVID-19 have on India's economy?
Reversed economic growth and poverty reduction
Test your knowledge about the transition of India's economy from a mixed planned economy to a mixed middle-income developing social market economy. Learn about India's GDP ranking and economic policies from independence to 1991.
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