Indian Economy Transition

Soviet model and protectionist economic policies (correct)

Free market capitalism and minimal government intervention

Social market economy and public-private partnerships

Keynesian economics and extensive privatization

4% to 5%

6% to 7% (correct)

2% to 3%

8% to 9%

High foreign direct investment

Excessive government spending

Overvalued currency

Acute balance of payments crisis (correct)

<p>7.2%</p> Signup and view all the answers

<p>Reversed economic growth and poverty reduction</p> Signup and view all the answers