SSC
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
New economic policy was announced in the year
|
|
1990
|
|
|
1991
|
|
|
1992
|
|
|
1993
|
Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization, and Globalization model. LPG model of economic development in India was proposed by Dr.
There is 1 question to complete.