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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 128 of 200

Q128
Indian EconomyPlanning, Economic Reforms & Policy
The impact of first generation economic reforms on employment generation and poverty reduction has
  1. a.been satisfactory.
  2. b.been good.
  3. c.been spectacular.
  4. d.not been satisfactory.

Answer: (D) not been satisfactory.

The first-generation reforms raised GDP growth, but employment grew slowly (the 'jobless growth' of the 1990s) and poverty fell only modestly in those years. So their impact on jobs and poverty is judged not satisfactory, option (D); 'satisfactory', 'good' and 'spectacular' all overstate it.

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