Question
India has more of a market economy than a command economy. How has this affected India's economic growth?(1 point)
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.
India's economy has collapsed due these market elements.
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1 answer
The correct response would be:
India's economy has grown much faster than other South Asian countries.
India's shift towards a market economy has led to significant economic growth, particularly since the economic reforms of the 1990s, allowing for increased investment, higher productivity, and greater integration into the global economy.
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