India's Economy Quiz
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Questions and Answers

What is the current ranking of India's economy by nominal GDP?

fifth

According to the IMF, on a per capita income basis, India ranked 139th by which measure of GDP?

GDP (nominal)

What event led to the adoption of broad economic liberalisation in India in 1991?

acute balance of payments crisis

What economic policies did successive governments in India follow from 1947 until 1991?

<p>Soviet model and promoted protectionist economic policies</p> Signup and view all the answers

What is the term used to characterise the economic regulation and state intervention in India until 1991?

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

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