The pre-liberalisation era of Indian economy was under the grip of :
On the eve of the 1991 economic reforms (the pre-liberalisation era), the Indian economy was in the grip of an acute, unfavourable and alarming balance of payments crisis,…
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The pre-liberalisation era of Indian economy was under the grip of :
Answer and explanation
Correct answer D
On the eve of the 1991 economic reforms (the pre-liberalisation era), the Indian economy was in the grip of an acute, unfavourable and alarming balance of payments crisis, with foreign exchange reserves barely sufficient to finance two weeks of imports.
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UGC NET Commerce