Economics · Economic Reforms
The Liberalisation, Privatisation, and Globalisation (LPG) model of development in India shifted the economic strategy away from rigid state planning in favour of which pattern?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A traditional agrarian-focused cooperative economic structure
- 2An import-substitution-led closed trade network
- 3A more liberal and market-driven pattern of development✓
- 4A completely decentralized socialist economy
Correct answer
A more liberal and market-driven pattern of development
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