Question

Indian industry faced the process of retrogression and deceleration because of ____________.

• A. unsatisfactory performance of agriculture
• B. slackening of real investment in public sector
• C. narrow market for industrial goods, especially in rural areas
• D. all of the above

Answer 1

Answer: (D)

all of the above

Indian industry prior to 1991 was high dependent on the agricultural sector due to which industrial sector was very under rated. So due to poor performance of agriculture Indian economy was affected and due to less demand of industrial goods in the market real investment in public sector was affected too that added pillar to Indian economic situation.