Write a note on the New Economic Policy.

Question

13 Jul 2023

Answer :

Word Count : 397

The New Economic Policy (NEP) refers to a set of economic reforms implemented in India in 1991. It marked a significant shift from the previous policy framework, which had been characterized by extensive government control and regulation of the economy. The NEP was introduced in response to a severe balance of payments crisis and a deteriorating economic situation.

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