Question

Under New Economic Policy foreign capital is encouraged. Give the reason.

Answer 1

Answer:

Under the new economic policy, foreign capitals are encouraged due to various reasons,

In times like now, globalization is increasing and one of the basic ways of making relations with other states is via economic activities and transactions. This policy would attract foreign capital which would help to uplift not only the relations among states but also the Indian economy. Investors would invest in the economy which would make it more developed and better. For instance, infrastructure would develop.

Answer 2

Answer:

Under the new economic policy, foreign capitals are encouraged due to various reasons, .This policy would attract foreign capital which would help to uplift not only the relations among states but also the Indian economy. Investors would invest in the economy which would make it more developed and better.