Mention the problems that forced India to undertake New Economic Policy of 1991.
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New Economic Policy of India, 1991. ... It refers to ongoing economicliberalisation or relaxation started in1991 of the countries economicpolicies It was introduced with the goal of making the economy more market- oriented and expanding the role of the private and foreign investment.Sep
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Explanation:tarting around 1991, some far- reaching changes in policy were made in India called as new economic policies:
The government decided that the time had come for Indian producers to compete with producers around the globe.
It felt that competition would improve the performance of producers within the country since they would have to improve their quality.
This decision was supported by powerful international organisations.
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