Statement:
Quite independent of the global economic meltdown, India's neglect of its physical infrastructure has been a malaise demanding radical treatment.
Assumptions:
I. Radical treatment would reduce the adverse effects of global economic meltdown and India's neglect of its physical infrastructure.
II. Physical infrastructure is the base of high growth trajectory.
Answer: D
The author assumes that the Indian Government should have taken care of its physical infrastructure. Radical change is for physical infrastructure but not global economy. So, I is not an assumption.
In the statement nothing is stated about the growth rate. Hence II is irrelevant.