Whose government stopped their assistance to India at this time?
USA
Soviet Union
United Nations
World Bank and IMF
Answer
The World Bank and IMF, influential international financial institutions, ceased their aid to India during this period. This decision was primarily driven by concerns regarding India's adherence to economic policies prescribed by these institutions. The move aimed to exert pressure on India to adopt specific economic reforms deemed necessary by these organizations.
Chandra Shekhar: Behind the Legacy - Test Your Knowledge about India's 8th Prime Minister
More Questions
Which minister mortgaged gold reserves allegedly without proper authorization?
Which tragic event happened during Chandra Shekhar’s tenure?
During which conflict did he allow US military planes to refuel in India?
How did his decision on US military planes influence his image in the West?
From which political party did Chandra Shekhar break away to become PM?
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