Indian Economic Development: Comparative Development Experiences of India and its Neighbours · Class 12 · CBSE · Commerce Economics
Which statement best explains China's relatively rapid economic growth compared with India and Pakistan after its reforms?
Practice question from Indian Economic Development: Comparative Development Experiences of India and its Neighbours (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
hard · MCQ · Q-28371D
Which statement best explains China's relatively rapid economic growth compared with India and Pakistan after its reforms?
- A.China relied only on agriculture and avoided industrialisation
- B.China combined state direction with gradual market-oriented reforms, investment in infrastructure and expansion of manufacturingCorrect answer
- C.China achieved growth by permanently banning foreign trade
- D.China focused exclusively on expanding public employment without raising productivity
Solution
China followed a gradual reform strategy that retained an important role for the state while encouraging markets, investment, manufacturing and exports. This combination supported high productivity growth and structural transformation.
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