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Why did the Indira Gandhi Government decide to devalue the Indian Rupee in 1967? What was its result? |
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Answer» :Indira Gandhi government devalued Indian rupee to check ECONOMIC crisis of 1967. Consequently, one US dollar could be purchased for less than 5 after devaluation, it cost more than 7. 1. The economic situation triggered a price rise. 2. People started a protest against the increase in prices of essential commodities and UNEMPLOYMENT etc. 3. The Communist and Socialist parties LAUNCHED STRUGGLE to avail greater equality.hope it will HELP you pls mark as brainliest |
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