Impact of new economy policy on working class in india
Answers
The policy of War Communism, in effect since 1918, had by 1921 brought the national economy to the point of total breakdown. The Kronshtadt Rebellion of March 1921 convinced the Communist Party and its leader, Vladimir Lenin, of the need to retreat from socialist policies in order to maintain the party's hold on power.
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India has always been an agro based country as their main source of income is thorough agriculture. However, soon after independence in 1991 an economic policy named as liberation, privatisation and globalisation had been introduced. And the main aim of this policy was to change the agro based Indian economy to the modern economy.
According to the new economic policy, standard norms for performance and productivity were set for both the private and public sector workers. Employers were instructed to have greater flexibility in terms of surplus and shortage of manpower.
As the technology changes, a loss of many jobs was expected thus the government was given the responsibility of providing the new technical skills to the workers in order to protect the interest of labour and enhance their welfare. Thus, intensive training, skill development and up gradation programs were launched.
A five year plan was made to eradicate unemployment and poverty. Workers were encouraged to participate in management.
Lastly, industrialisation of backward areas was promoted through appropriate investments and infrastructures.