Purchase mobileappIcon Download our Mobile App
Call Us at 011-40705070   or  
Click to Call
Select your Board & Class
  • Select Board
  • Select Class

explain any 3 reasons for introducing new economic policy in 1991?

Asked by kktiwari099...(parent) , on 27/2/12

Answers

EXPERT ANSWER

Starting around 1991, some far- reaching changes in policy were made in India called as new economic policies:

  • The government decided that the time had come for Indian producers to compete with producers around the globe.
  •  It felt that competition would improve the performance of producers within the country since they would have to improve their quality. 
  • This decision was supported by powerful international organisations. 

Posted by Reecha Upadhyaya(MeritNation Expert)on 28/2/12

This conversation is already closed by Expert

Ask a QuestionHave a doubt? Ask our expert and get quick answers.
Show me more questions

close