Question

Discuss the impact of the new economic policy on the rural economy

Answer 1

The New Economic Policy (NEP) has been implemented in India since 1990-91. For the past fourteen years, there are some macro economic policy measures like liberalisation, privatisation and globalisation (LPG) which have the positive and negative impact on the Indian economy. Agriculture and small scale industries are the backbone of the rural India. In order to analyse the impact of New Economic Policy on the Indian economy, a National Level Seminar was organized in our Gandhigram Rural Institute with the assistance of Indian Council of Social Science Research, New Delhi.
A few selected papers are edited as a Book entitled "New Economic Policy and Rural Development". The book has been published in two volumes. The volume I highlighted the critical evaluation of the New Economic Policy, impact of the economic reforms on agriculture and industrial sectors. The role of New Economic Policy in the promotion of the rural sectors especially in the service sector are given in the volume-II. The books will be much useful to the academicians, researchers and policy makers for the effective implementation of New Economic Policy in India.