Write about major achievements of the NEP of 1991.

1.	Write about major achievements of the NEP of 1991.
Answer» Major Achievements: Revolution in the IT sector: The contribution of the IT sector to national income has considerably increased. The demand for software engineers has increased in the developed countries. Improved financial facilities: The financial sector has become more competitive due to the entry of private and foreign banks. Improvement in educational standards: Standards of educational institutions are improving and our students are getting more opportunities to study abroad. Increase in exports: Due to rising in export, the conditions of our adverse balance of payment is improving. Diversification of cropping: Due to globalization, the farmers have shifted from practicing traditional cropping to non-traditional cropping patterns. Solves the problem of scarcity: Due to liberal imports, the economy can overcome the scarcity of goods and raw materials.

Answer»

Major Achievements:

Revolution in the IT sector: The contribution of the IT sector to national income has considerably increased. The demand for software engineers has increased in the developed countries.
Improved financial facilities: The financial sector has become more competitive due to the entry of private and foreign banks.
Improvement in educational standards: Standards of educational institutions are improving and our students are getting more opportunities to study abroad.
Increase in exports: Due to rising in export, the conditions of our adverse balance of payment is improving.
Diversification of cropping: Due to globalization, the farmers have shifted from practicing traditional cropping to non-traditional cropping patterns.
Solves the problem of scarcity: Due to liberal imports, the economy can overcome the scarcity of goods and raw materials.

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