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Question
Which one of the following is not the feature of New Economic Policy of 1991?
Which one of the following is not the feature of New Economic Policy of 1991?
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Solution
The correct option is B
Limited focus on Globalization and more focus on budding industries
Important features of new economic policies under economic reforms, i.e., Liberalisation, Privatisation, Globalisation of the Economy, New Public Sector Policy, Modernisation, Financial Reforms, and Fiscal Reforms.India registered growth rate faster than Hindu rate of Growth.During pre liberalization period FDI increased at CAGR of 19.05% while during post liberalization period it has grown 24.28%. This indicates that liberalization has had a positive impact on FDI inflows in India. Since 1991 FDI inflows in India has increased approximately by more than 165 times.
Limited focus on Globalization and more focus on budding industries
Important features of new economic policies under economic reforms, i.e., Liberalisation, Privatisation, Globalisation of the Economy, New Public Sector Policy, Modernisation, Financial Reforms, and Fiscal Reforms.India registered growth rate faster than Hindu rate of Growth.During pre liberalization period FDI increased at CAGR of 19.05% while during post liberalization period it has grown 24.28%. This indicates that liberalization has had a positive impact on FDI inflows in India. Since 1991 FDI inflows in India has increased approximately by more than 165 times.
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