Economics · Indian Economy
What does the term 'priority sector' primarily refer to within the context of India's economic and banking policy?
- 1Heavy capital goods industries that require long-term foreign direct investment
- 2Sectors that contribute the maximum share to the country's GDP growth regardless of employment
- 3Sectors that are highly technology-driven and cater exclusively to urban areas
- 4Sectors that influence large sections of the population, are employment-intensive, and require institutional credit flow✓
Correct answer
Sectors that influence large sections of the population, are employment-intensive, and require institutional credit flow
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