The major reasons are:
- Rise in Prices and galloping inflation. It surged from 6.7% to near about 16%
- Increase in the Fiscal deficit. Increase in non -development expenditure.
- Adverse Balance of payment and pressure on Balance of Payment.
- Iran-Kuwait war led to increase 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/>
Subscribe on YouTube
in Petrol price and hence pressure on Indian Imports.
Adopted approach of socialism failed. Efficiency of PSU’s were dismal.
Fall in Foreign exchange reserve increased the vulnerability. It also created the macroeconomic instability.
APPSC GROUP 1 Notes brings Prelims and Mains programs for APPSC GROUP 1 Prelims and APPSC GROUP 1 Mains Exam preparation. Various Programs initiated by APPSC GROUP 1 Notes are as follows:-
For any doubt, Just leave us a Chat or
Fill us a querry––