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Q.State whether the following statement is True or False : Global exposure to the economy has been far wider in China than in India.

(a) True
(b) False
Mizoram MbseMBSE Mizoram HSSLC Board Exam (Commerce) 2021MCQ· 1mImportance★★★★★
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True. China began market-oriented reforms and opened its economy to foreign trade and investment in 1978 — over a decade before India's 1991 reforms — and pursued an export-led, foreign-investment-driven growth strategy far more aggressively, giving it much wider global economic exposure.

In the comparative study of India, China and Pakistan's development experiences:

  • China introduced reforms in 1978, dismantling the commune system in agriculture, allowing private enterprise, and opening "Special Economic Zones" to attract massive foreign direct investment and promote exports.
  • India began comparable market-oriented reforms only in 1991, and even then followed a more cautious, gradual path of liberalisation. …

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