Which of the following statements correctly describe the economic reforms in India aimed at boosting economic growth and development?
- The Goods and Services Tax (GST) was implemented to create a unified national market by replacing multiple indirect taxes with a single tax structure.
- The Insolvency and Bankruptcy Code (IBC) was introduced to streamline the process of resolving insolvencies, making it easier for businesses to exit or recover.
- The Atmanirbhar Bharat Abhiyan focuses solely on reducing foreign direct investment and increasing import tariffs to promote self-reliance.
1
1 and 3
2
1 and 2
3
2 and 3
4
1, 2 and 3
5
None of the above