New Economic Policy Year
View Complete Answer & Explanation
Question (English)
The New Economic Policy was introduced in which year?
- 1985
- 1989
- 1991 ✓ Correct
- 1995
Explanation:
Correct Answer Explanation
The New Economic Policy was initiated in 1991.
Key Points:
- Need for reform widely felt due to changing global economic scenario.
- Indian policies were 'inward oriented' — failed to develop strong export sector.
- Excessive regulation prevented growth of entrepreneurship.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
