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India's Economic Journey
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India's Economic Journey

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Questions and Answers

Which sector has notable public sector presence in the Indian economy?

  • Manufacturing
  • Services
  • Agriculture
  • Strategic sectors (correct)
  • What is India's rank in terms of nominal GDP?

  • Second
  • Tenth
  • First
  • Fifth (correct)
  • Which economic model did successive Indian governments follow until 1991?

  • Socialism (correct)
  • Capitalism
  • Mixed economy
  • Communism
  • What was the main reason for India's adoption of economic liberalization in 1991?

    <p>Balance of payments crisis</p> Signup and view all the answers

    What has been the average annual GDP growth rate in India since the start of the 21st century?

    <p>6% to 7%</p> Signup and view all the answers

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