Question

explain the features of new economic policy 1991​

Answer 1

In 1991, the P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export and reduce the adverse Balance of Payment (BOP

Answer 2

Answer:

HERE is the answer...

Explanation:

1. Liberalized policy towards foreign trade and foreign investment.

2. Introduction of foreign capital investment

3. Removal of trade barriers.

4. Reduction in the role of Public sector

5. Promotion to private sector

6.Reforms in the financial sector.

7. Liberalization of import licensing.

8. Freedom is given to the MNCs to set up there industrial units.