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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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What are the objectives of New Economic Policy?

Solution

The objectives of New Economic Policy are:

(i) To reduce the domestic inflation rate.

(ii) To improve the efficiency and productivity of the economy.

(iii) To put the economy back on the path of sustainable growth with social justice.

(iv) To improve the balance of payment situation.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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.

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What does foreign direct investinent mean?

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How did the government promote exports before 1991?

When was new economic policy adopted?

What was the level of foreign exchange reserves in 1991?

State the reasons for slow growth of private sector before 1991.

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