What are the objectives of NEP 1991?

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1 Answers

  • To make the Indian economy market oriented by introducing it in the arena of globalization. To bring down the rate of inflation. 
  • To move towards a higher economic growth rate. 
  • To build sufficient foreign exchange reserve. 
  • To achieve economic stabilization.
  • To promote international trade by removing restrictions.
  • To increase the participation of private players in all sectors of the economy. 
  • To reduce the reserved numbers of sectors for the government. 
  • To reduce the gap between import and export (BOP).

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