Which economic crisis affected India during his tenure?
1997 Asian Crisis
1980s Oil Shock
1991 Economic Crisis
2008 Global Financial Crisis
Answer
The 1991 economic crisis, also known as the balance of payments crisis, was a major financial crisis that gripped India. It arose from a combination of internal and external factors, including excessive government spending, high levels of public debt, a widening trade deficit, and a sharp decline in foreign exchange reserves.
Chandra Shekhar: Behind the Legacy - Test Your Knowledge about India's 8th Prime Minister
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How did Chandra Shekhar's government avoid a payment default?
What was controversial about the gold mortgaging incident?
Whose government stopped their assistance to India at this time?
Which minister mortgaged gold reserves allegedly without proper authorization?
Which tragic event happened during Chandra Shekhar’s tenure?
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