Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Reform-Led Growth Criticism
A major criticism of reform-led growth is that:
- GDP growth rate has declined
- It has not generated sufficient employment opportunities — Correct Answer
- Agriculture sector has grown too rapidly
- Industrial production has exceeded demand
Explanation:
Correct Answer Explanation
Though GDP growth increased, reform-led growth has not generated sufficient employment opportunities.
Key Points:
- Reforms criticised for not addressing employment, agriculture, industry, infrastructure, fiscal management.
- This is often called jobless growth.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
