Identify the correct code for Assertion A and Reason R as given below:Assertion A: Given the global recession in the world economy and emerging financial crisis, if viable steps are not taken to implement economic reforms, India will be left with 3D options : debt default, devaluation and deflation. In India, devaluation is happening and deflation could be about to start and debt default is highly unlikely.Reason R: As a result, India would remain hard pressed to carry on its planning, programming and budgeting for defence and development in the long term perspective.Codes:

• A. Both A and R are not correct.
• B. Both A and R are correct, but R is not the correct explanation of A.
• C. A is correct, but R is not correct.
• D. A is not correct, but R is correct.