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Question

New Economic policy was introduced under the government of :

A

Narsimha Rao
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B

Manmohan Singh
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C

Chandrasekhar
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D

V.P. Singh
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Solution

The correct option is A
Narsimha Rao
New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao government reduced the import duties, opened a reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth.

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