India has more of a market economy than a command economy. How has this affected India's economic growth?(1 point)

Question

Responses

India's economy has grown more slowly than other South Asian countries.
India's economy has grown more slowly than other South Asian countries.

India's economy has grown at the same rate as other economies.
India's economy has grown at the same rate as other economies.

India's economy has grown much faster than other South Asian countries.
India's economy has grown much faster than other South Asian countries.

India's economy has collapsed due these market elements.

Answer 1

India's economy has grown much faster than other South Asian countries.

The transition to a market-oriented economy since the liberalization reforms in the early 1990s has significantly boosted economic growth, attracting foreign investment, enhancing competition, and fostering innovation.