Economics · Indian Economy Evolution
Arrange the following overarching macroeconomic phases of India's economic evolution in chronological order of their occurrence: A. Occurrence of the severe Balance of Payments crisis characterized by a critical shortage of foreign exchange reserves B. Transition into the market-oriented era focusing on Liberalization, Privatization, and Globalization (LPG) C. Adoption of the post-independence mixed economy model guided by centralized planning through Five-Year Plans D. Emergence of slow economic growth and severe fiscal imbalances driven by the structural inefficiencies of excessive government control Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1D, C, B, A
- 2C, D, A, B✓
- 3A, C, B, D
- 4C, A, D, B
Correct answer
C, D, A, B
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