Which of the following statements about the development of India's economy is accurate?

Question

Quizplus · Accepted Answer

According to the information given, India's 2015 GDP growth rate outpaced China's, making India the fastest-growing large economy in the world. Therefore, option D is accurate. Option A is incorrect as it suggests that the effort to transition from import substitution industrialization and toward social-democratic policies began in the 1980s, while in reality, such efforts began in the 1990s. Option B is incorrect as it suggests that corruption and protectionism have been stamped out as barriers to economic growth, whereas the passage does not provide any such information. Option C is incorrect as it suggests that the license raj has only acquired more complexity and red tape in recent years, whereas the passage does not provide any such information.

Which of the Following Statements About the Development of India's