Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Industrial Slowdown Reason
Industrial growth slowed down after reforms due to:
- Increased government subsidies
- Cheaper imports, inadequate investment in infrastructure — Correct Answer
- Excess demand for industrial products
- Increase in import duties
Explanation:
Correct Answer Explanation
Industrial growth slowed due to cheaper imports replacing domestic demand, and inadequate investment in infrastructure.
Key Points:
- Developing countries compelled to open economies to goods and capital from developed countries.
- Domestic manufacturers face competition from imports.
- Infrastructure including power supply remained inadequate.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
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.
