which new aspects were included in the economic policy formulated in 1991
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There are three major components or elements of new economic policy- Liberalisation, Privatisation, Globalisation.
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The main characteristics of new Economic Policy 1991 are:
Delicencing. ...
Entry to Private Sector. ...
Disinvestment. ...
Liberalisation of Foreign Policy. ...
Liberalisation in Technical Area. ...
Setting up of Foreign Investment Promotion Board (FIPB). ...
Setting up of Small Scale Industries.
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