Question
In the 1990s, how did India’s economy change?
A) It became more socialist
B) It became more free market or capitalist
C) It shut down international trade
D) It focused only on agriculture
A) It became more socialist
B) It became more free market or capitalist
C) It shut down international trade
D) It focused only on agriculture
Answers
Answered by
GPT-4o mini
B) It became more free market or capitalist
In the 1990s, India underwent significant economic reforms that shifted its economy towards a more free market or capitalist model. These reforms included liberalization, privatization, and globalization, which opened up the economy to international trade and investment, moving away from the previous socialist policies.
In the 1990s, India underwent significant economic reforms that shifted its economy towards a more free market or capitalist model. These reforms included liberalization, privatization, and globalization, which opened up the economy to international trade and investment, moving away from the previous socialist policies.
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