Economics · Economic Reforms
Which of the following was a significant economic challenge for India during the late 1980s?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rising fiscal deficits and external debt✓
- 2High levels of foreign exchange reserves
- 3Declining agricultural production
- 4Increasing public sector efficiency
Correct answer
Rising fiscal deficits and external debt
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