Which of the following is NOT an element of the New Economic Policy?*
Foreign investment
More regulations and control
De-licensing
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Answer:
answer is centralisation
Explanation:
New economic reforms in India are the neo-liberal polices introduced by the government during 1991 and later years. Main features of it includes Dereservation of the industrial sector, Industrial delicensing policy, Opening up of the economy to foreign competition, Liberalization of trade and investment, Financial Sector Reforms, Reforms related to the Public sector enterprises, Abolition of MRTP (Monopoly and Restricted Trade Practice) Act.
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