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| 1. |
Explain the need of new economic policies |
| Answer» Starting around 1991, some far- reaching changes in policy were made in India called as new economic policies:\tThe government decided that the time had come for Indian producers to compete with producers around the globe.\tIt felt that competition would improve the performance of producers within the country since they would have to improve their quality.\xa0\tThis decision was supported by powerful international organisations.\xa0 | |