This fund agreed to loan money to India to finance their imports in exchange for the agreement to liberalize the economy of India.
What is the International Monetary Fund?
100
India now had a reason to look at this as a good thing after benefiting from Y2K and the necessity for software engineers.
What is global trade?
100
The three sections of the Indian economy.
What are agriculture, industry, and service?
100
The new Indian government has made this its chief economic objective.
What is infrastructure?
200
The approach used by Prime Minister Jawaharlal Nehru where heavy industries are owned by gov. and basic industries are reserved for small businesses.
What is the top-down approach?
200
This war affected the global oil prices, hence affecting the importation of oil to India.
What is the first Gulf War?
200
The subsection of the working class in India that benefited from Y2K.
What are software engineers?
200
Reasons for the decline of agricultural employment.
What are urbanization, technology, policy change?
200
About 72% is lost due to uncovered subsidies, theft, and faulty equipment.
What is electricity?
300
An example of a heavy industry and for whom was it reserved.
What is electricity, mining, steel production, etc. and the government?
300
This type of currency was devalued in the 1991 reforms.
What is the Rupee?
300
The major concern about the crashing of everyone's computer due to a software issue.
What is Y2K?
300
A regulation or price floor on the amount the government will pay for certain agricultural goods, which ended up being more of a curse than a blessing.
What is the MSP or the Minimum Support Price?
300
Almost three fourths of ____ takes place during a four month period, causing hardships in the agricultural industry.
What is India's total rainfall?
400
The year that the Indian government began using 5 year plans.
What is 1951?
400
The place where the IMF was located.
What is Washington, DC?
400
In 1999, the gov't began to start selling off the ___ to the private sector, built the first national highway system, and broke gov't monopolies.
What are government-owned companies?
400
The biggest impediment to growth in the services industry.
What is the lack of skilled manpower?
400
The new government, led by Prime Minister Narendra Modi, has hinted at a major push to expand the ____ to offer more employment to the urban residents of India.
What is the services market?
500
In the four decades following the beginning of the 5 year plans, citizens continued to rely on this because of slow economic growth.
What is subsistence farming?
500
Many of these were removed from individual companies and industries in the 1991 reforms, taking the pressure off for small companies to produce large amounts of goods.
What are production quotas?
500
The World Bank's highly regarded "Doing Business" report ranked India in ___th place for the measure of ease of starting and running a business.
What is 134?
500
This industry had the largest percent of GDP in 2014 and the lowest percent of employment in India.
What is the service industry?
500
India's colleges are not producing a sufficient number of these.