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    Which of these statements are made by Rahul Mukherji in his book Political Economy of Reforms in India? A. India's economy does follow the typical E
    Question

    Which of these statements are made by Rahul Mukherji in his book Political Economy of Reforms in India?
    A. India's economy does follow the typical East Asian Path
    B. BoP crisis of 1991 was an internal shock
    C. Ideational changes of 1980s were important to understand globalization of economy in 1991
    D. State-driven nationalization demand a powerful state.
    Choose the most appropriate answer from the options given below:

    A.

    A and B only

    B.

    B and C only

    C.

    C and D only

    D.

    D only.

    Correct option is C

    Mukherji's work often highlights the significance of ideational changes and the role of the state in economic reforms, particularly how shifts in thinking during the 1980s laid the groundwork for India's economic liberalization in 1991 and the need for a powerful state to drive nationalization and reforms.

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