Trade liberalisation has helped India improve its _____________ in industries with medium-to-high technology content.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. comparative advantage.
Trade liberalization has helped India improve its comparative advantage in industries with medium-to-high technology content. By reducing trade barriers and opening up markets, India has been able to enhance its position in sectors that require advanced technology and skilled labor. This shift has allowed the country to better utilize its resources, attract foreign investment, and become more competitive in global markets, thereby strengthening its comparative advantage in these technologically advanced industries.