An Introduction To F-734: The First Locomotive Built By India.Central Bank of India (CBI) SO Recruitment 2022: Selection Through Interview 12 hrs ago.Top 5 Current Affairs of the Day: 29 September 2022- Anil Chauhan, Tiger Reserve, Advocate R Venkataramani 11 hrs ago.Help Him Out While Enjoying These Math Riddles With Answers! 10 hrs ago Sam Is Stuck with These Everyday Math problems.Are Netflix Subscribers Planning To Cancel Their Memberships This Year? What May Be The Reasons? 8 hrs ago.CBSE Exam Date 2023 Released: Check Class 10 and 12 Datesheet Here just now.This website follows the DNPA's code of conduct.MHT CET 3-year LLB Counselling Registration 2022 To Start From Tomorrow at 13 hrs ago.Who Was Rapper Coolio? The Rapper Whose Music Enlivened The Soul Bids Adieu To The World!13 hrs ago.IBPS Clerk Mains Admit Card 2022 (Out) Exam on 8 October12 hrs ago.Optical Illusion: Only a Few People can Find the Hidden Ring in 13 Seconds.Optical Illusion for IQ Test: Only 1% of People can spot hidden animal inside Elephant’s Farm in 11 secs!12 hrs ago.Optical Illusion for Testing Your IQ: Can you spot Hidden Rabbit before the hunter inside forest in 5 Secs?12 hrs ago.Brain Teaser To Test Your IQ: Which car would you remove to clear traffic in 7 secs?12 hrs ago.An Introduction To F-734: The First Locomotive Built By India.12 hrs ago.Central Bank of India (CBI) SO Recruitment 2022: Selection Through Interview12 hrs ago.Top 5 Current Affairs of the Day: 29 September 2022- Anil Chauhan, Tiger Reserve, Advocate R Venkataramani11 hrs ago.Help Him Out While Enjoying These Math Riddles With Answers!10 hrs ago Are Netflix Subscribers Planning To Cancel Their Memberships This Year? What May Be The Reasons?8 hrs ago.CSIR NAL Recruitment 2022 For Project Staff Posts: Check Salary, Eligibility And How To Apply 25 mins ago.CBSE Exam Date 2023 Released: Check Class 10 and 12 Datesheet Herejust now.Hence all these cases bring the exchange rate at USD = 12.34 INR in 1985 and in the 1990 it became to 1 USD = 17.50 INR. Indira Gandhi also reduced the confidence of foreigners in the Indian economy. So to pay this import bill India borrowed foreign currency which reduced the value of Indian currency. Political Instability and Oil Shock of 1973: Oil shock of 1973 caused when the Organization of Arab Petroleum Exporting Countries (OAPEC) decided to cut the crude oil production which further increased the oil import bill. Image source:To increase the domestic production scenario, Indian government needed technology, to have technology and to tackle higher inflation and to open the Indian economy for foreign trade, government devalued external value of rupee and nowģ. India- China war of 1962, Indo-Pakistan war of 1965 and huge drought in 1966, crippled the production capacity of the Indian economy so inflation increased in the economy. War with China and Pakistan: Indian government was facing budget deficit and was in a state that it could not borrow more additional loan from outside due to negative rate of savings.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |