Question

Impact of new economy policy in indian economy full topic

Answer 1

Hi.

The major objective of the new policy is to make Indian economy a part of the world economy. The policy

aimed at:

1. Utilizing fully the indigenous capabilities of entrepreneurs.

2. Fostering research and development efforts for the development of indigenous technologies.

3. Raising investments.

4. Improvement in efficiency and productivity.

5. Controlling monopolistic power.

6. Assigning the right areas for the public sector undertakings.

7. Ensuring welfare as also skills and facilities to the workers to enable them to face new technologies.

8. Retaining the capacity to earn our own foreign exchange through exports.

9. To achieve self-reliance...

Hope it helps..❤