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What is the main feature of new economic policy |
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Answer» The three main aspects of the economic reforms in India are:\tLiberalization – where the government changed several economic policies to create an environment of freedom for economic decision-making.\tPrivatization – the government had reserved 17 industries for the public sector. It gave 11 out of these to the private sector.\tGlobalization – Both liberalization and privatization of the public sector enterprises led to the globalization of the Indian economy. liberalisation, privatisation, globalisation of the economy, new public sector policy, modernisation , financial reform |
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