What is economical crises
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A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.
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Explanation:india met with an economic crises related to its external debt. the government was not able to make repayment on its borrowing from abroad.
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