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What was the worldwide economical backdrop during Chandra Shekhar's time as PM?

  • Economic Boom

  • Stable Markets

  • Cold War

  • Global Economic Crisis

Answer

The global economic crisis during Chandra Shekhar's tenure as Prime Minister of India from 1990 to 1991 was characterized by a slowdown in economic growth, rising inflation, and a severe balance of payments crisis. The country faced a shortage of foreign exchange reserves, leading to a devaluation of the rupee and increased external debt.
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