Economics · Economic Reforms
Which of the following was NOT considered a major positive structural stabilization outcome immediately after the 1991 economic reforms in India?
- 1Fall in the fiscal deficit percentage
- 2Increase in the GDP growth rate
- 3Surge in unchecked consumerism leading to wealth disparities✓
- 4Reduction in the rate of inflation
Correct answer
Surge in unchecked consumerism leading to wealth disparities
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