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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: This can slow down industrial growth as local industries struggle to sell their goods.
- Globalisation: Opened markets lead to increased competition. Many Indian industries face challenges competing with international companies.
- India doesn’t have access to different markets because of high non-tariff barriers: Many countries have non-tariff barriers, like strict standards, that make it difficult for Indian products to enter these markets.
- All of the above: The combination of these factors can collectively contribute to the slowdown in industrialisation.
Answer: Option 4 - All of the above
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