wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Out of stabilisation measures and structural measures under NEP, can you choose one of them? If not why? Explain.

Open in App
Solution

We need both stabilisation measures as well as structural measure under NEP. Stabilisation measures are short-term measures required to control fiscal deficit, correct the balance of payments deficit and contain inflation. On the other hand, structural measures are long-term measures aimed at improving the efficiency, productivity and competitiveness in the Indian economy.


flag
Suggest Corrections
thumbs-up
6
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Central Bank
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon