Assertion (A): The Indian economy experienced recession in the fiscal year 1997-98.
Reason (R): There has been a fall in the public investment in the recent past.

Select the correct answer from the codes given below:
Codes:

A) Both A and R are true and R is the correct explanation of A

B) Both A and R are true but R is NOT the correct explanation of A

C) A is true but R is false

D) A is false but R is true

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 1998 (GS Paper I)