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How did globalisation affect India’s economic growth?
Question

How did globalisation affect India’s economic growth?

A.

Had no effect

B.

Slowed it down

C.

Reduced GDP

D.

Made it grow faster

Correct option is D

The correct answer is (d) Made it grow faster
Explanation:
. Globalisation expanded trade and foreign investment.
. India opened its economy after 1991 reforms.
. GDP growth rate increased in the post-reform period.
. Indian industries gained access to global markets.
. Service sector growth accelerated significantly.
Information Booster:
. LPG reforms stand for Liberalisation, Privatisation and Globalisation.
. Reforms were introduced in 1991.
Additional Knowledge:
Had no effect (Option a)
. Incorrect as growth trends changed post-1991.
. Data shows clear impact.
Slowed it down (Option b)
. Opposite of actual outcome.
Reduced GDP (Option c)
. GDP growth increased, not reduced.

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