The 20-year economic boom cycle ended in 1971 with the Nixon shock. In 1975 India's GDP (in 1990 US dollars) was $545 billion, $1,561 billion in the USSR, $1,266 billion in Japan, and $3,517 billion in the US. Prime minister Indira Gandhi proclaimed a national emergency and suspended the Constitution in 1975.Was there panic buying in India in March 2020?
In March 2020, there were several incidents of panic buying in India related to the pandemic. Retailers and consumer goods firms saw their average daily sales more than double on 19 March as consumers rushed to buy essentials ahead of Modi's address to the nation.When was the Republic of India established?
This article is about history of Republic of India established after 1950. For pre-establishment era of the state, see History of India. The history of independent India began when the country became an independent nation within the British Commonwealth on 15 August 1947.What are the problems faced by India in the past?
The nation has faced religious violence, casteism, naxalism, terrorism and regional separatist insurgencies. India has unresolved territorial disputes with China which in 1962 escalated into the Sino-Indian War, and with Pakistan which resulted in wars in 1947, 1965, 1971 and 1999.