History, asked by missbrains2565, 11 months ago

State the circumstances leading to the adoption of the new economic policy in 1991

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Answered by yashcomputers
20

Answer:

In 1991, the P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export and reduce the adverse Balance of Payment .

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