Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991. Reason (R): The Govt. of India has resorted to devaluation.
Options
(a)Both A and R are true, and R is the correct explanation of A
(b)Both A and R are true, but R is not a correct explanation of A
(c)A is true, but R is false
(d)A is false, but R is true
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Class 11Liberalisation, Privatisation and Globalisation: An Appraisal— NCERT Economics, Chapter 3. In 1991 India faced an external debt crisis: foreign exchange reserves fell below two weeks of imports, prices rose, and no one would lend. Rooted in the fiscal and…
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