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5) It is said that the IMF has reversed its pro-austerity stance. What are the merits and demerits of imposing austerity measures on a troubled economy? Do you support austerity? Comment.

TopicEffect of policies and politics of developed and developing countries on India’s interests; Important International institutions, agencies and fora- their structure, mandate

5) It is said that the IMF has reversed its pro-austerity stance. What are the merits and demerits of imposing austerity measures on a troubled economy? Do you support austerity? Comment. (200 Words)

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