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Question
New Economic Policies paved the path of economic development in India.
What were their advantages?
New Economic Policies paved the path of economic development in India.
What were their advantages?
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Solution
The correct option is C More employment opportunities
The New Economic Policy brought significant change to the Indian economy. As a result of the entry of new businesses, consumers got access to a variety of products at lower prices. Due to the exchange of technology, even the domestic producers could produce more and export the surplus. As it was quicker and simpler to set up a new business in the country, it led to an increase in employment opportunities.
The New Economic Policy brought significant change to the Indian economy. As a result of the entry of new businesses, consumers got access to a variety of products at lower prices. Due to the exchange of technology, even the domestic producers could produce more and export the surplus. As it was quicker and simpler to set up a new business in the country, it led to an increase in employment opportunities.
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