Question

(B) Answer the following questions in
25 to 30 words.
(1) How was 1991 a year of important
changes in the history of the world
and of India? 7
(2) What are the characteristics of the
Indian economy? 7
) With the help of the information in the
chapter, complete the list of the​

Answer 1

Answer:

Answer: 1)The year of 1991 was of important changes in India because in this year Rajiv Gandhi was assassinated. In the same year, Congress government embarked on the policy of liberalization, globalization and privatization. ... The year 1991 brought important changes in global politics as former USSR disintegrated.

2) Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.