Question
What was the position of India in 2014 among the economies of the world?
The correct answer is
$10^{th}$ largest
India's 2014 Economic Standing
In the year 2014, India held the position of the $10^{th}$ largest economy globally. This ranking is typically based on metrics like Gross Domestic Product (GDP).
The specific ranking signifies India's substantial economic size relative to other nations worldwide during that period.
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Important Questions from Fundamentals of Economy
- Which of the following statements is NOT correct regarding India after its adoption of new economic reforms in 1991?
- India initiated structural reforms in 1991 to address a severe balance of payments crisis. Which global institution played a key role in supporting India's 1991 reforms?
The problem of choice arises on account of the pressure of three interrelated facts, viz, human wants are unlimited, means required to satisfy these wants are limited and ____.
"What to produce?" is a basic problem faced by an economy under which of the following central problems?
In which type of economy social justice is accorded higher priority than profit maximization?
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