examine the role of market and new economic policy in growth of a nation
Answers
Answer:
New economic policy refer to economic liberation or relaxation in the import tariffs deregulation of market or opening the market for private and foreign player and reduction of taxes to expand the economic wings of the country.
Explanation:
The main objective behind..
1. The main objective was to plunge Indian exonom6in the arena of globalisation and to give it a new thrust on market orientation.
2. The NEP intend to bring down the rate of inflation m
3. It intend to move towards higher economic growth rate and to build sufficient foreign exchange reserves.
4. It wanted to acivhe economic stabilisation and to convert into a market economic by removing all kind of unnecessary restrictions.
5. It wanted to permit the international flow of goods service capital human resources and technology without many restrictions.