GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When was New Economic Policy introduced in India
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1991
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1981
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1995
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2000
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Explanation:
Detailed explanation-1: -India introduced a new economic policy in 1992.
Detailed explanation-2: -Objectives of New Economic Policy 1991. Enter into the field of ‘globalisation’ and make the economy more market-oriented. Reduce the inflation rate and rectify imbalances in payment. Increase the growth rate of the economy and create enough foreign exchange reserves.
Detailed explanation-3: -The New Economic Policy was initiated in 1991 by the government of India. Some of the features of this policy includes: Removal of licensing system for setting up industries. Encouraging foreign investments and many more.
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