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Directions: For the following question, select the option that best replaces the parenthesis in the given paragraph.

Indian capital goods industry is passing through a period of deep crisis (.) With the drastic reduction of customs duties on capital goods, imported goods have flooded the Indian market. Indian industry is finding it very difficult to compete with the technologically superior plant and machinery from the developed countries. Naturally, in the times of globalization, every one has doubts about Indian competitiveness.