After the implementation of economic reforms, Pakistan experienced slowdown of growth due to various reasons including _________ .
(Choose the correct alternative to fill in the blank):
[(i)] Volatile performance of the agriculture sector.
[(ii)] Over-dependence on remittances from abroad.
[(iii)] Political instability
Volatile agriculture sector: Pakistan’s agriculture sector experienced significant fluctuations, leading to an unstable economy and reduced investor confidence.
Over-dependence on remittances: The country's economic stability heavily relied on remittances from abroad rather than domestic productivity and industrialization.
Political instability: Frequent changes in government and lack of long-term economic policies created an uncertain business environment, discouraging foreign and domestic investments.
During the British rule, India’s foreign trade had various features except _________ .
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.