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Which event in the early 1990s had a significant impact on India's ability to borrow internationally?
  • a)
    Economic liberalization
  • b)
    Fall in inflation rate
  • c)
    Gulf War and oil price rise
  • d)
    Increase in foreign investments
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which event in the early 1990s had a significant impact on India's abi...
The Gulf War and the subsequent rise in oil prices in the early 1990s had a significant impact on India's ability to borrow internationally. The conflict and its economic aftermath affected India's balance of payments and international borrowing capacity.
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Which event in the early 1990s had a significant impact on India's ability to borrow internationally?a)Economic liberalizationb)Fall in inflation ratec)Gulf War and oil price rised)Increase in foreign investmentsCorrect answer is option 'C'. Can you explain this answer?
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