Which of the two factors enhanced the growth rate of Indian economy in the 1980s as per Arvind Panagariya?
A. Attitudinal change amongst the policy makers.
B. Export incentives for private companies.
C. Political leadership was skeptical about import substitution industrialization.
D. A more realistic exchange rate policy.
Choose the correct answer from the options given below:
1
B and D only
2
B and C only
3
D and C only
4
A and B only