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India's economy has experienced significant transformation since the early 1990s due to liberalisation, privatisation, and globalisation reforms. Concurrently, emerging trends such as advancements in technology, a burgeoning service sector, and a culture of entrepreneurship are shaping the future. However, challenges such as the digital divide, skill gaps, and environmental concerns remain critical as the country aims for sustainable growth.
Chapter 614 sections
India's economy has experienced significant transformation since the early 1990s due to liberalisation, privatisation, and globalisation reforms. Concurrently, emerging trends such as advancements in technology, a burgeoning service sector, and a culture of entrepreneurship are shaping the future. However, challenges such as the digital divide, skill gaps, and environmental concerns remain critical as the country aims for sustainable growth.
The liberalisation, privatisation, and globalisation reforms significantly transformed the Indian economy.
Emerging trends like digital technology, service sector growth, and sustainable development are pivotal for future prosperity.
Challenges such as inequality and environmental sustainability must be addressed to ensure equitable benefits from reforms.
The process of reducing government restrictions in order to encourage private enterprise and competition.
The transfer of ownership or management of public sector enterprises to the private sector.
The integration of the Indian economy with the global economy, allowing for free trade and investment.
A government initiative aimed at enhancing digital infrastructure and services across the nation.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Total Questions
2
Estimated Time
4 min
Passing Score
70%
1 more question available