Question

explain indian economic policy and when was it made
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Answer 1

New Economic Policy of India was launched in the year 1991 under the leadership of P. V. ... Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export.

Answer 2

Answer:

New Economic Policy of India-1991 New Economic Policy refers to economic liberalisation or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country.