When was the LPG policy implemented?

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Solution

India’s New Economic Policy was formed on July 24, 1991, known as the LPG or Liberalization, Privatization, and Globalization model. It alludes to the method involved with making arrangements less constraining of monetary action and furthermore decreases levy or expulsion of non-duty hindrances.

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MCQs on Globalisation

What is Globalisation?

What is Privatisation?

What is Liberalisation?

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