Assertion (A) is true: Despite global geopolitical challenges (like the conflict in Ukraine, supply chain disruptions, global inflation), the Indian economy showed significant resilience post-COV‐ ID, maintaining relatively high growth rates compared to many major economies. Reason (R) is true: India's fiscal policies (government spending, stimulus packages) and monetary policies (RBI's interest rate adjustments, liquidity management) played a crucial role in stabilizing the economy, controlling inflationary pressures, and supporting growth during and after the COVID-19 pandemic, thereby contributing significantly to the observed resilience.
Assertion (A) : The Indian economy demonstrated resilience despite global geopolitical challenges. Reason (R) : India's fiscal and monetary policies ensured economic and financial stability post-COVID.
Asked in APPSC Group II Mains paper 2 2025 · Topic: Nature of Indian Economy (Openness of Economy and Integration with Global Markets)
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Answer: A. Both (A) and (R) are true and (R) is the correct explanation of (A)
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