Macroeconomics crisis of early 1990s in india was due to
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The Macroeconomics crisis of early 1990s in India was due to the following three major reasons -
1)The dissolution of Soviet Union into 15 nations with whom India had a good trade relation.
2)The oil price shock after the advent of Gulf War.
3)Turmoils in Indian politics in 1990s affected the economy hugely.
1)The dissolution of Soviet Union into 15 nations with whom India had a good trade relation.
2)The oil price shock after the advent of Gulf War.
3)Turmoils in Indian politics in 1990s affected the economy hugely.
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