What immediate measure was taken in 1991 to resolve the balance of payments crisis in India?
Devaluation of the rupee against foreign currencies.
In 1991 India faced a severe balance of payments crisis, with foreign exchange reserves shrinking to critically low levels.
To make exports cheaper and more competitive and to discourage imports, the government took immediate corrective action.
The rupee was devalued sharply against major foreign currencies in two steps during July 1991.
Devaluation helped narrow the trade gap and formed part of the wider economic reforms and liberalisation that followed.
Hence, the immediate measure was the devaluation of the rupee against foreign currencies.
In the context of trade policy tools, Which of the following is considered as non-tariff measure?
I. Anti-dumping measures
II. Technical barriers to trade measures
As per the data up to November, 2020, released by the Union Finance Ministry, which one of the following countries ranks 1 in terms of ODI (Outward Direct Investment) for the year 2020-21?
Which of the following is/are not FDI policy change(s) alter 2010?
1. Permission of 100 per cent FDI in the automotive sector
2. Permitting foreign airlines to make FM up to 49 per cent
3. Permission of up to 51 per cent FDI under the government approval route in multi-brand retailing, subject to specified conditions
4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices
Select the correct answer using the code given below:The Defence Technology and Trade Initiative (DTTI) is a forum for dialogue on defence partnership between India and
As per the policy applicable in 2017, how much Foreign Direct Investment (FDI) is permitted in the defence sector in India?
Which one of the following continents accounts for the maximum share in exports from India?