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Economics for Competitive Exams

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Read the following features of Indian Economy

  1. Domestic savings rate has been increasing.
  2. Foreign exchange resources have been rising.
  3. Growth rate has accelerated in recent years.
    Which of the aforesaid is/are correct?
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A
All 1, 2 and 3
💡 Explanation:

All three statements accurately describe features of the Indian economy. India's domestic savings rate has shown an increasing trend over decades. Foreign exchange reserves have grown substantially since economic liberalization in 1991, and GDP growth rates have accelerated compared to the pre-1991 period.

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