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What was the main focus of the New Economic Policy introduced in 1991?
  • a)
    Encouraging foreign aid dependency
  • b)
    Reducing government expenditure
  • c)
    Liberalization, privatization, and globalization
  • d)
    Expanding the public sector
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What was the main focus of the New Economic Policy introduced in 1991?...
The New Economic Policy introduced in 1991 focused on liberalization, privatization, and globalization (LPG) to open up the Indian economy, reduce government intervention, and promote economic growth.
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What was the main focus of the New Economic Policy introduced in 1991?a)Encouraging foreign aid dependencyb)Reducing government expenditurec)Liberalization, privatization, and globalizationd)Expanding the public sectorCorrect answer is option 'C'. Can you explain this answer?
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