Development Experiences India & Neighbours test - 11

Growth led by the service sector: In recent decades, the Indian economy has experienced significant growth driven primarily by the service sector. The service sector includes industries such as information technology (IT), telecommunications, banking, finance, healthcare, education, hospitality, and professional services. India has emerged as a global hub for IT outsourcing and services, contributing substantially to economic growth, job creation, and exports.

The new leadership under Deng Xiaoping was dissatisfied with the slow pace of growth and lack of modernization under Maoist policies. Additionally, the failure of the Maoist vision, evident in economic setbacks and human suffering, prompted the recognition of the need for reform. Therefore, both factors, dissatisfaction with the status quo and the failure of Maoist policies, drove the introduction of reforms in China.

The economic development of India is best adjudged by assessing its increased capacity to produce goods and services, along with their increased production. Economic development entails not only the growth of production but also the improvement in productivity, efficiency, and overall capacity of the economy to generate goods and services. This includes advancements in technology, infrastructure, human capital, and institutional frameworks that facilitate sustainable economic growth and development.

All three countries had started planning their development strategies in similar ways. While India announced its first Five Year Plan for 1951–56, Pakistan announced its first five year plan, now called the Medium Term Development Plan, in 1956. China announced its First Five Year Plan in 1953.

In both India and Pakistan, the service sector contributes significantly to the Gross Domestic Product (GDP), making them suitable candidates for this question.

GLF campaign started in 1958 , was met with a lot of problems. A severe drought caused havoc in China killing about 30 million people.

So, both assertion and reason are true. Reason is the correct explanation of assertion.

The one-child policy, a part of the family planning policy, was a population planning policy of China. It was introduced in 1979.

Purchasing power parity (PPP) is an economic theory that states that the exchange rate between two currencies is equal to the ratio of the currencies' respective purchasing power. Purchasing power parity is used worldwide to compare the income levels in different countries.

Reforms were introduced in China for various reasons, including the newleadership wasn’t happy with the slow pace of growth and lack of modernizationand Maoist vision had failed.

The fertility rate In Pakistan as In 2015 is 3.68