Question

What led to the need for New Economic Policy in India?

• A. Gulfcrises
• B. Bad performance of public sector
• C. Inflation
• D. All of the above

Answer 1

The correct option is D All of the above

Gulf crisis, bad performance of public sector and inflation led to the need for New Economic Policy in India. New Economic Policy was adopted by the Central government of India in the year of 1991. It has given emphasis on liberalization, privatization and globalization.