Economy, asked by Shushith1053, 1 year ago

Two reasons why the new industrial policy was changed in 1991

Answers

Answered by sonibabita01

Answer:

Main Measures Adopted in the New Economic Policy The entrepreneurs were unwilling to establish new industries ( because laws like MRTP Act 1969 de-motivated entrepreneurs). Corruption, undue delays and inefficiency risen due to these controls. Rate of economic growth of the economy came down.

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