10th Class Social Science Globalisation Question Bank Short Answer Type - Globalisation and The Indian Economy

  • question_answer New Economic Policy/Reforms were required in 1991. Why?

    Answer:

    Need for New Economic Policy - Need arised due to following reasons:

    (a) Slow and unsatisfactory Economy Growth.
    (b) Inefficiency in Public Enterprises.
    (c) Continued Inflationary Pressures.
    (d) High growth by other countries due to greater liberalisation and minimisation of governmental control.
     


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