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Which major loan institutions ceased assistance during Chandra Shekhar’s term?

  • Regional Banks

  • NABARD

  • World Bank and IMF

  • Asian Development Bank

Answer

The World Bank and IMF ceased assistance to India during Chandra Shekhar's term as Prime Minister. This decision was taken due to concerns over India's economic policies, including the government's large fiscal deficit and its reluctance to implement economic reforms. The withdrawal of support from these major loan institutions created significant economic challenges for the country and contributed to the severe economic crisis that India faced during the early 1990s.
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