Economics · Indian Economy

What was the primary objective of India's New Economic Policy launched in 1991?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To introduce a closed economy model
2To restrict foreign direct investment
3To improve productivity, adopt new technology, and achieve full capacity utilization✓
4To increase government ownership of industrial units

Correct answer

To improve productivity, adopt new technology, and achieve full capacity utilization

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