biscuits companies which is mentioned above existed in india before 1991 or came after new economic policy
Answers
Answer:
biscuits companies which is mentioned above existed in india before 1991 or came after new economic policy
Answer:
The economic policies of the country moved towards ‘economic liberalization in India’. This was initiated in the year 1991 which encouraged the private and foreign investments in the country to make it a better economy.
Explanation:
During the year 1991 India was going through a period of ‘financial crisis’ due to the external debts. The prices of essential goods rose and this prompted the government of India to introduce new policy methods which change the outlook of the situation.
In 1991 the import duties were reduced and it opened doors for new foreign investors in the country. The Indian currency was devalued and the exports increased. It helped in bringing down the Balance of payments and improved the situation of the country.