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Question
When was the New Economic Policy announced?
Options
1991
2001
1995
2004
MCQ
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Solution
1991
Explanation:
The New Economic Policy was announced in 1991 and began liberalisation (LPG). It marked a policy U‑turn: removal of quantitative restrictions, cuts in customs duties, and relaxation of foreign investment and exchange controls to integrate India with the world economy and stimulate growth.
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