Question

Which  year  has  a  special  Significance  in  Indian  Economy.
a)  1981 b)  1991 c)2001 d)2010

TNSCERT Class 10 Economics Ch 2 Indian Economy After Independence

Answer 1

The answer is 1991 because it was the time of pure chaos. This triple emergency brought India on its knees. On the one end, our essential purchase was less or no more. Then again, our essential merchants were in the war. In the center, our creation was adequately halted by a political emergency.

We were coming up short on dollars to purchase fundamental things like unrefined petroleum and sustenance from whatever is left of the world. This is named a "Balance of Payment Crisis" - meaning India was not ready to adjust its records - fares were essentially not as much as imports.