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Explain the need of new economic …

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Explain the need of new economic policies

Posted by Sumit Choudhary 7 years, 3 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 3 months ago

Starting around 1991, some far- reaching changes in policy were made in India called as new economic policies:

The government decided that the time had come for Indian producers to compete with producers around the globe.
It felt that competition would improve the performance of producers within the country since they would have to improve their quality.
This decision was supported by powerful international organisations.

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CBSE > Class 10 > Social Science