Economics · Economic Reforms
In contrast to the rapid 'shock therapy' approach implemented in Eastern Europe, India's macroeconomic economic reform model initiated in 1991 is generally described as which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Autarkic structural retrenchment
- 2Direct fiscal monetization route
- 3Keynesian absolute shortfall correction
- 4Gradualist stabilization and reforms✓
Correct answer
Gradualist stabilization and reforms
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