Practicing Success
When India agreed to the conditions of World Bank during economic crisis of 1991, it announced New Economic Policy. What was the thought behind introducing the policy? |
To become world's next super power To create more competitive environment in the economy To remove the barriers to entry and growth of firms Both 2 and 3 |
Both 2 and 3 |
India agreed to the conditions of World Bank and IMF and announced the New Economic Policy (NEP). The NEP consisted of wide ranging economic reforms. The thrust of the policies was towards creating a more competitive environment in the economy and removing the barriers to entry and growth of firms. |