Multiple choice

'Globalisation of Indian Economy' means

  1. giving up programmes of import substitution

  2. having minimum possible restriction on economic relation with other countries

  3. stepping up external borrowings

  4. establishing Indian Business units abroad
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Globalisation in the context of the Indian economy refers to the integration of the national economy with the world economy. This involves reducing trade barriers, tariffs, and restrictions to facilitate the free flow of goods, services, and capital.

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