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The Indian Economy
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The Indian Economy

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Questions and Answers

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

  • Strategic sectors (correct)
  • Agriculture
  • Manufacturing
  • Services

    • What is India's rank in terms of nominal GDP?

  • Third
  • Fifth (correct)
  • Seventh
  • First

    • What was the economic policy followed by successive governments in India from 1947 to 1991?

  • Communism
  • Socialism (correct)
  • Free market capitalism
  • Mixed economy

    • What led to the adoption of economic liberalization in India 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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