Economics · Indian Economy History
What was the primary immediate cause of India's 1991 economic crisis?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1High levels of illegal migration from neighboring countries
- 2The state governments' inefficiency in contributing to the national economy
- 3The government's inability to service foreign debts and balance of payments crisis✓
- 4A major widespread natural disaster
Correct answer
The government's inability to service foreign debts and balance of payments crisis
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