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By 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. India started having balance of payments problems in 1985, and by the end of 1990, the state of India was in a serious economic crisis exacerbated by the Gulf War and the accompanying oil price spike.
India is the second-largest market in the world by number of telephone users (both fixed and mobile phones) with 1.053 billion subscribers as of 31 August 2016. It has one of the lowest call-tariffs in the world, due to fierce competition among telecom operators. India has the world's third-largest Internet user-base.
India's GDP (PPP) per capita was stagnant during the Mughal Empire and began to decline prior to the onset of British rule. [15] India's share of global industrial output declined from 25% in 1750 to 2% in 1900. [14] From 1600 to 1871 the ratio of GDP per capita in India to that in Britain fell from more than 60% to less than 15%. [16]
Amazon released a Kindle for Mac app for Apple Macintosh & OS X systems in early 2010. [173] In June 2010, Amazon released the Amazon Kindle for Android. Soon after the Android release, versions for the Apple iOS (iPhone and iPad) and BlackBerry OS phones were available. [174] In January 2011, Amazon released Kindle for Windows Phone. [175]
Air India is India's national flag carrier, having merged with Indian Airlines in 2011 [126] and plays a major role in connecting India with the rest of the world. [127] IndiGo , Air India , Vistara , Air India Express , Akasa and Spicejet are the major carriers in order of their market share. [ 128 ]
ASER reported in 2019 that only 50% of fifth standard students in rural India could read a Standard II-level text, and only 29% of them could do basic division. [ 77 ] However, due to a shortage of resources and lack of political will, this system suffers from massive gaps including high pupil to teacher ratios, shortage of infrastructure and ...
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