Question

Features on new economic policy 1991.

ASAP
15 points!!​

Answer 1

Answer:

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Here's ur answer :

The features of new economic policy 1991 are

1. Liberalisation
2. Privatisation
3. Globalisation of the economy
4. New public sector policy
5. Financial Reforms
6. and Fiscal Reforms.

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Answer 2

$\mathfrak{\underline{\underline{\huge{\pink{@nswer}}}}}$ ❥

→ Three major components or elements of New Economic Policy are,

$\blue{\mathtt{i.)}}$ Liberalisation it refers to end of licence, quota and many more restrictions and controls which were put on industries before 1991.

$\blue{\mathtt{ii.)}}$Privatisation it refers to giving greater role to private sector and using the role of public sector.

$\blue{\mathtt{iii.)}}$ Globalisation it refers to integration of various economics of world. Till 1991 Indian government forces following strict policy in regard to import and foreign investment in regard to licensing of import, traffic, restrictions etc.

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