Which of the following statement (s) is/are correct?
Statement 1: In post 1991 period, industrial growth has recorded a slowdown.
Statement 2: There is decreasing demand of domestic industrial products due to various reasons such as cheaper imports, inadequate investment in infrastructure.
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: Both statements are correct.
"In post 1991 period, industrial growth has also recorded a slowdown. This is because of decreasing demand of industrial products due to various reasons such as cheaper imports, inadequate investment in infrastructure etc."