Economics · Economy
What was one of the most significant challenges faced by India's economy before liberalization in 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Excessive inflation and foreign debt✓
- 2Lack of skilled labor force
- 3Insufficient infrastructure development
- 4Oversupply of agricultural products
Correct answer
Excessive inflation and foreign debt
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