Given below are two statements:
Statement I: The transformation of India's economy has not been as dramatic as that of post-communist countries in Eastern Europe
Statement II: India has produced growth rates as high as those of China in 2010s
In the light of the above statements, choose the most appropriate answer from the options given below.

Correct option is C

Statement I is correct but Statement II is incorrect. The transformation of India's economy has not been as dramatic as that of post-communist countries in Eastern Europe. This statement is generally correct as the economic transformations in Eastern Europe after the fall of communism were marked by rapid privatization, liberalization, and transition to market economies, which were more abrupt and profound compared to India's economic reforms.
Statement II: India has produced growth rates as high as those of China in the 2010s. This statement is incorrect. While India has experienced significant economic growth in the 2010s, its growth rates have not consistently matched those of China during the same period.