International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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NEED AND IMPACT OF NEW ECONOMIC POLICY, 1991 IN INDIA

    1 Author(s):  VANDNA GUPTA

Vol -  2, Issue- 2 ,         Page(s) : 62 - 66  (2011 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Development is now consciously part of National and International policy in pursuit of world peace and prosperity by bridging the gap between the world’s rich and power, without political tutelage. Economic reforms of 1991 in fact spelt a u-tern in our policies, the total package of reforms consisted of liberalization, privatization and globalization (L.P.G.) and were intended to rebuild the foundation of our economy with minimum of bureaucratic controls and with only on improving the competitiveness of our industry with a level playing field both within and the global markets.

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