When was India’s New Economic Policy launched? Who was its chief architect?

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It was launched in 1991 as the structural adjustment programme and it was started by the then Prime Minister Narasimha Rao: 

1. India’s New Economic Policy was launched by the then Finance Minister Dr. Manmohan Singh. 

2. The economic changes first became visible in 1991 and radically changed the direction that Indian Economy had pursued since independence towards liberalized and open economy.

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