Final answer:
The collective economic choice that Indian society has made is the shift towards a merit-based system in employment, seen particularly in larger cities. This has challenged the traditional caste system and is accompanied by economic reforms aimed at reducing government control and attracting foreign investment.
Step-by-step explanation:
In Indian society, the collective economic choice that has been made is the shift towards a more merit-based system in employment. This can be seen in larger cities where people now have more opportunities to choose their own career paths and marriage partners. Corporations have introduced merit-based hiring and employment, which has challenged the cultural expectations of the traditional caste system. Additionally, economic reforms in India have aimed at reducing government control and opening up markets by privatizing publicly owned businesses and attracting foreign investment.
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