India largely avoided the global financial crisis because

Question

Quizplus · Accepted Answer

India's Reserve Bank had taken a conservative approach and had rejected many financial innovations, which helped the country largely avoid the global financial crisis. Additionally, strong regulations on the banking sector also helped India remain relatively insulated from the crisis. The other options are either incorrect or not directly related to India's avoidance of the global financial crisis.

India Largely Avoided the Global Financial Crisis Because