Question

The New Economic Policy was introduced in India in _____________.

• A. $1991$
• B. $1998$
• C. $1997$
• D. None of these

Answer 1

Answer: (A)

$1991$

India's New Economic Policy of 1991 was a neoliberal Structural Adjustment Program that allowed India to qualify for aid from the World Bank and IMF. In 1990, India faced an economic crisis and was "on the brink of default" on its debts.

The new economic policy included the policies of Liberalisation, Privatisation and Globalisation.