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Questions and Answers
What was the basis of India's economic policies from independence until 1991?
What was the basis of India's economic policies from independence until 1991?
- 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
What has been the average annual GDP growth since the start of the 21st century?
What has been the average annual GDP growth since the start of the 21st century?
- 4% to 5%
- 6% to 7% (correct)
- 2% to 3%
- 8% to 9%
What led to the adoption of broad economic liberalization in India in 1991?
What led to the adoption of broad economic liberalization in India in 1991?
- High foreign direct investment
- Excessive government spending
- Overvalued currency
- Acute balance of payments crisis (correct)
What percentage of the global economy does India account for in 2022 in PPP terms?
What percentage of the global economy does India account for in 2022 in PPP terms?
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What impact did COVID-19 have on India's economy?
What impact did COVID-19 have on India's economy?
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