Practicing Success
Practicing Success
CUET Preparation Today
What were the primary objectives of the NEP's stabilisation measures? |
Increase government revenue and reduce inflation Boost exports and reduce imports Maintain foreign exchange reserves and control inflation Remove trade restrictions and increase foreign direct investment |
Maintain foreign exchange reserves and control inflation |
Stabilisation measures are shortterm measures, intended to correct some of the weaknesses that have developed in the balance of payments and to bring inflation under control. In simple words, this means that there was a need to maintain sufficient foreign exchange reserves and keep the rising prices under control. |
