With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:
1. Liberalisation has enhanced the flow of capital by making it affordable for businesses to reach the capital from investors and take a profitable project.
2. Fast development in technology allows many small-scale industries and other businesses in India to either adjust to changes or shut down their businesses.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2