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hyperinflation |
Also found in: Financial, Wikipedia, Hutchinson | 0.03 sec. |
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hyperinflation excessive inflation or expansion, as of the lungs; overinflation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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When compared with the hyper-inflation and debt crises of other developing countries, and considering the transition from a fixed exchange rate to a floating exchange rate which India went through in the 1990s, India's fiscal policies and financial management take on a different light. The cumulative effects of war, economic sanctions, hyper-inflation, unemployment and a 30-per cent drop in crop production were starting to exact a terrible humanitarian toll, especially among women and children, more than half of whom were receiving less than 50 per cent of their caloric needs. This has led to difficult economic periods within the past decade, which were marked by hyper-inflation, currency instability, economic contraction and soaring interest rates. |
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