prepare a shote note on financial crises in 1991?
Answers
Answered by
10
Explanation:
Precipitated by the Gulf War, India's oil import bill swelled, exports slumped, credit dried up, and investors took their money out. Large fiscal deficits, over time, had a spillover effect on the trade deficit culminating in an external payments crisis. By the end of the 1980s, India was in serious economic trouble.
Answered by
0
Answer:
The 1991 Indian economic crisis was an economic crisis in India that resulted from poor economic policies and the resulting trade deficits. ... By the end of 1990, in the run-up to the Gulf War, the dire situation meant that the Indian foreign exchange reserves could have barely financed three weeks' worth of imports.
Similar questions
Computer Science,
1 month ago
Math,
1 month ago
English,
3 months ago
English,
3 months ago
Math,
9 months ago