Question

Business environment of india from 1970 to 1990​

Answer 1

Answer:

The Indian state has been more penetrated by social actors than many East and Southeast Asian states. Unlike China, India could neither abolish private enterprise nor could it embrace globalization with the same speed and ferocity. Both complete state-driven nationalization and state-driven globalization would demand a state, which would have much greater command over interest groups like industrialists, farmers and trade unions. Policies favoring economic growth and development in India needed to evolve gradually after building a social consensus on those policies.