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What Is the Balance Sheet (Advantages and Shortcomings) of India's

question 27

Essay

What is the balance sheet (advantages and shortcomings) of India's two principal economic orientations-state-led industrialization and economic liberalization? Which would you argue has been superior? Please cite specific evidence in your argument.


Definitions:

Sell or Lease

The commercial decision to either transfer ownership of a property or product for a price or to grant its use to someone else under a rental agreement.

Liable

Legally responsible for one's actions or obligations, often in the context of paying damages or facing legal consequences.

Harm

Damage or injury to a person or property.

Consumer

An individual who purchases goods or services for personal use rather than for manufacture or resale.

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