Which of the following crises forced the Government of India to undertake structural adjustment programmes in 1991?
Question:
Which of the following crises forced the Government of India to undertake structural adjustment programmes in 1991?
(a) Current economic meltdown.
(b) Political instability at the Centre.
(c) Decumulation of foreign exchange reserves and rising debt service payments to an unsustainable level.
(d) Record rise in inflation.
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