Economy, asked by Anonymous, 11 months ago

why economy of India in crisis ​

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Answered by vikashkumar199
0

Answer:

The economic crisis was primarily due to the large and growing fiscal imbalances over the 1980s. ... 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.

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