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Industrialisation in India has recorded a slowdown in the period of economic reforms. What are the reasons for this?
Decreasing demand for domestic industrial products
Globalisation
India doesn’t have access to different markets because of high non-tariff barriers
All of the above
- Decreasing demand for domestic industrial products: Often, consumers may prefer imported goods due to quality or price advantages, affecting local industries.
- Globalisation: It brought increased competition from foreign players. Some Indian industries struggle to compete on quality, price, or technology against international counterparts.
- India doesn't have access to different markets because of high non-tariff barriers: Non-tariff barriers can limit the ability of Indian industries to export, affecting growth and expansion opportunities.
- All of the above: All these factors contribute to the slowdown of industrialisation during economic reforms.
Correct Answer: All of the above
By: santosh ProfileResourcesReport error
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