History · Modern Indian History
What was one major impact of India’s independence on its economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rapid industrialization and economic decline
- 2Adoption of a market-driven economy immediately after independence
- 3Initial period of mixed economies followed by gradual liberalization policies from 1991✓
- 4Immediate privatization of all public sector undertakings
Correct answer
Initial period of mixed economies followed by gradual liberalization policies from 1991
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