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Abhijit Bhattacharyya | Currency Stability Basis Of A Nation’s Economy
BusinessDeccan Chronicle25 Jun, 11:23 pmAtlasHour
Business

Abhijit Bhattacharyya | Currency Stability Basis Of A Nation’s Economy

India’s first woman PM got deep into an all-round mess of two wars (the 1962 treachery by the Chinese and the aggression of Pakistani dictator Ayub Khan in 1965). A combination of drought, an adverse trade balance, a mounting current account deficit and acute foreign exchange crisis led to India facing potential economic collapse. The nail in coffin was due to the stringent loan/aid conditions imposed by the World Bank and International Monetary Fund

Source-linkedAtlasHour DeskDeccan Chronicle25 Jun, 11:23 pm

What happened

India’s first woman PM got deep into an all-round mess of two wars (the 1962 treachery by the Chinese and the aggression of Pakistani dictator Ayub Khan in 1965).

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The story is being tracked through India Equities.

Who is affected

India Equities

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Why It Matters

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Deccan Chronicle

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