why is three a need for a new economic policy
Answers
Answer:
1.The main objective was to plunge Indian Economy in to the arena of 'Globalization and to give it a new thrust on market orientation.
2.The NEP intended to bring down the rate of inflation.
3.It intended to move towards higher economic growth rate and to build sufficient foreign exchange reserves.
Answer:
The New Economic Policy reintroduced a measure of stability to the economy and allowed the Soviet people to recover from years of war, civil war, and governmental mismanagement. The small businessmen and managers who flourished in this period became known as NEP men.
The thrust of the New Economic Policy has been towards creating a more competitive environment in the economy as a means to improving the productivity and efficiency of the system. This was to be achieved by removing the barriers to entry and the restrictions on the growth of firms.
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