Question

Discuss the positive and negative impact of New Economic Policy​

Answer 1

Answer:

Due to various controls, the economy became defective. The entrepreneurs were unwilling to establish new industries (because laws like MRTP Act 1969 de-motivated entrepreneurs). Corruption, undue delays and inefficiency raised due to these controls. Rate of economic growth of the economy came down.

Explanation:

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Answer 2

the negative impact of the New Economic Policy​

Due to various controls, the economy became defective. The entrepreneurs were unwilling to establish new industries (because laws like MRTP Act 1969 de-motivated entrepreneurs). Corruption, undue delays, and inefficiency are raised due to these controls. The rate of economic growth of the economy came down.

the positive impact of the New Economic Policy​

The rate of growth of India's GDP has risen. India's GDP growth rate was only 1.1 percent in 1990-91, but following the 1991 reforms, it rose year by year, reaching 7.5 percent in 2015-16, according to the IMF.

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