The table given below shows the GDP growth-rate at 1993-94 prices. Draw a line series based on the data given in the table and interpret the same.

Years	GDP Growth Rate (%)	Years	GDP Growth Rate (%)
1991–92	1.3	1997–98	4.8
1992–93	1.5	1998–99	6.5
1993–94	5.9	2000–2001	4.4
1994–95	7.5	2001–2002	5.8
1996–97	7.8	2002–2003	4.0

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

What does foreign direct investinent mean?

What does fiscal deficit indicate?