Question
Which of the following statements is/are true?(I)
India, Pakistan, and China followed similar development planning models.(II) India undertook structural reforms independently.Solution
India, Pakistan, and China initially adopted planned development strategies. However, India’s structural reforms, especially those initiated in 1991, were not entirely voluntary—they were introduced under pressure from the International Monetary Fund (IMF) due to an economic crisis. Thus, only Statement I is correct.
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