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Question
When was the NEP introduced?
When was the NEP introduced?
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Solution
The correct option is B 1991
In 1991, India met with an economic crisis relating to its external debt. India agreed to the conditionalities of World Bank and IMF and announced the New Economic Policy (NEP). The NEP, introduced in 1991, consisted of wide ranging economic reforms.
In 1991, India met with an economic crisis relating to its external debt. India agreed to the conditionalities of World Bank and IMF and announced the New Economic Policy (NEP). The NEP, introduced in 1991, consisted of wide ranging economic reforms.
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