Economic liberalization in India was shaped Iargely.by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy; agriculture, infrastructure, industrialization and education as constraints on the country's future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.
Which of the following is/are the most rational and logical inference/inferences that can be made from the passage?
Select the correct answer using the code given below.
Both 1 and 2
The passage critically evaluates economic liberalization in India, highlighting its origins in governmental economic problems rather than long-term developmental objectives or the needs of the populace. It explicitly states that there were "limitations in conception and design," leading to issues such as "jobless growth, persistent poverty and rising inequality." Furthermore, it identifies "agriculture, infrastructure, industrialization and education" as "four quiet crises" that constrain future prospects and require resolution for "meaningful development."
Options (A) "1 only", (B) "2 only", and (D) "Neither 1 nor 2" are incorrect because, as established, both Inference 1 and Inference 2 are rational and logical deductions that can be made from the provided passage.