Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India ?
(a)
Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process
(b)
Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process
(c)
Stabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other
(d)
Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments