Economy, asked by fernandezjustin824, 3 months ago

explain new economic policy 1991?

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Answered by devilmohit78

6

Answer:

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

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