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The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95 .Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to

1996

(a)

reduce expenditure of defence

(b)

spend more and more on interest payments

(c)

reduce expenditure on subsidies

(d)

spend more and more as grants-in-aid to State Governments/Union Territories

Answer:

The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95 .Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to

Explanation