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During which peroid, public sector was assigned the leading role in the process of growth and development?
During the period between 1st and 6th five year plans, public sector was assigned the leading role in the process of growth and development.
What do you mean by fiscal deficit?
Fiscal deficit means difference between the total expenditure and total receipts minus loans.
Why had the fiscal deficit of the Government of India mounting year after year prior to 1991?
On account of continuous increase in its non-development expenditure.
What is balance of payments?
Balance of payments is the difference between total receipts and total payments of a country on account of its economic transactions with the rest of world.