Which of the following measure was taken by the government in the year 1991 to increase the exports of the nation?

Devaluation of the currency

In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies. With the devaluation of the currency, it led to an increase in the number of exports from the country and an increase in the inflow of foreign exchange. Thus, resulting in an improved situation of balance of payment.