011-40705070  or  
Call me
Download our Mobile App
Select 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


Become Expert
Score more in Social Science
Start Now with Video Lessons, Sample Papers, Revision Notes & more for Class-X - CBSE 

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