Economics · Indian Economy
Which factor was a supply-side factor responsible for the downturn in industrial production in India during the 1990s?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Strict fiscal discipline
- 2Downward adjustment of the exchange value of the rupee✓
- 3A perceptible fall in effective demand due to inflationary pressure
- 4Reduction in public expenditure
Correct answer
Downward adjustment of the exchange value of the rupee
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