Write a critical review of the New Economic Policy.
Write a critical review of the New Economic Policy.
(1) The New Economic Policy has neglected the agricultural sector as compared to industry, trade and service sector.
(2) Industrial growth recorded a slow down due to cheaper imported goods, lack of infrastructural facilities and non-tariff barrier by developed countries.
(3) The new policy has been encouraging a dangerous trend of consumerism, by encouraging the production of luxuries and items of superior consumption.
(4) Growth has been concentrated only in some areas in the service sector such as telecommunication, I.T, Finance, Entertainment, Travel, real estate and trade, rather than vital sectors such as agricultural and industries which provide livelihood to millions of the people in the country.
(1) The New Economic Policy has neglected the agricultural sector as compared to industry, trade and service sector.
(2) Industrial growth recorded a slow down due to cheaper imported goods, lack of infrastructural facilities and non-tariff barrier by developed countries.
(3) The new policy has been encouraging a dangerous trend of consumerism, by encouraging the production of luxuries and items of superior consumption.
(4) Growth has been concentrated only in some areas in the service sector such as telecommunication, I.T, Finance, Entertainment, Travel, real estate and trade, rather than vital sectors such as agricultural and industries which provide livelihood to millions of the people in the country.
