Which of the following statements about economic liberalization in India is INCORRECT?

a. It began in the 1980s and intensified in the 1990s.
b. It occurred because the country's political and economic elite were concerned with India's growth relative to other Asian countries.
c. It required the borrowing of foreign capital, thus increasing the country's level of debt.
d. It has helped to integrate the country into the world economy.
e. It has helped to significantly expand the country's agricultural sector.

e

Political Science

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