The 1991 NEP marked a fundamental shift from a mixed economy with significant state control towards a more market-oriented system, dismantling the 'License Raj' and integrating India with the global economy.
What were the main reforms undertaken under the New Economic Policy of the early 1990s ? 1. Trade liberalization 2. Public Sector Disinvestment 3. Poverty Alleviation 4. Rapid industrialization Select the answer using the code given below :
Asked in UPSC CAPF 2024 · Topic: Nature of Indian Economy (Evolution from Planned to Market-Oriented Economy)
More Economic Development questions
- Which one of the following economic reforms was introduced in India in 1991 to liberalize and open up the economy ?
- The process of reforms in India has to be completed via which of the following processes ? 1. Liberalisation 2. Privatisation 3. Globalisation Select the correct answer using the code given below :
- 'Economic Reforms' were introduced in India in
- ‘Economic Reform’ measures in India was formally introduced in
- Who was the author of the book'' Indian Economy: A Gandhian Blue Print"?
- Which of the following is not part of the "Second- generation of Economic Reforms" identified by the Government ?
- The policy of liberalisation, Privatisation and globalisation was accepted as new economic policy by Prime Minister
- The main strategy adopted in the new economic policy of 1991 was