Assertion: The import budget was pushed up around 1973 in Inda.
Reasoning: The energy crisis of 1973 pushed the prices of petroleum, and the import budget was also pushed up.
Answer & explanation
Correct answer: option 1
After the 1970s, food grain import was discontinued due to the success of the Green revolution but the energy crisis of 1973 pushed the prices of petroleum, and the import budget was also pushed up. Foodgrain import was replaced by fertilisers and petroleum.