Answer any one of the following in not more than 500 words : (a) What have been the impacts of the Mahatma Gandhi National Rural Employment Guarantee Programme on the rural economy of India? Explain your answer. (b) Would you agree that export-oriented growth is the best strategy for India in the current situation? Why? (c) Write an essay on the relevance of 'inflation targeting' for the Indian economy. (d) Discuss the rationale of the strategy of import substituting industrialization in India during the 1950s and 1960s.
