India implemented a self-sufficiency model after they gained independence from the UK.In the 1990s they switched to an International trade model that resulting in
A) a remarkably unresponsive economy.
B) an improved competitiveness and quality of Indian products.
C) higher tariffs on imported products.
D) a lowering of the GDP per capita.
E) a proliferation of monopolies.

Question

Quizplus · Accepted Answer

Switching to an international trade model resulted in an improved competitiveness and quality of Indian products. The country saw a significant increase in foreign investment, which helped modernize industries and create job opportunities. The shift towards a more open economy also facilitated the integration of India into the global market, leading to greater prosperity and economic growth.

India Implemented a Self-Sufficiency Model After They Gained Independence from the UK.In