"New Economic Policy 1991" has triggered a mixed response in the Indian economy. Give a detailed critical analysis of NEP 1991.
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New Economic Policy refers to economic liberalisation or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country.
Former Prime Minister Shri Manmohan Singh is considered to be the father of New Economic Policy (NEP) of India.
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