Question

explain the steps taken for social and economic transformation of india

Answer 1

The economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors;[1] India's per capita income increased at only around 1% annualised rate in the three decades after its independence.[2] Since the mid-1980s, India has slowly opened up its markets through economic liberalisation. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy.[2]

Answer 2

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