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What has been the impact of economic liberalisation on India's GDP growth rate?

ADecreased

BStable

CIncreased

DFluctuating

Answer:

C. Increased

Read Explanation:

  • The impact of economic liberalisation on India's GDP growth rate is Increased.


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i.Relaxation of control in setting up industries

ii.Reduction of import tariff and tax

iii.Changes in foreign exchange rules.

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Consider this case: A state government implements a new e-Tendering platform. Within a year, bidding transparency improves, participation from small firms rises and cost savings are achieved. Which governance principles are directly demonstrated here?