{"id":5982,"date":"2020-09-21T16:04:17","date_gmt":"2020-09-21T14:04:17","guid":{"rendered":"https:\/\/www.intraders.org\/news\/?p=5982"},"modified":"2020-10-12T13:55:32","modified_gmt":"2020-10-12T11:55:32","slug":"trend-after-new-economic-policy-in-india","status":"publish","type":"post","link":"https:\/\/www.intraders.org\/news\/ot\/trend-after-new-economic-policy-in-india\/","title":{"rendered":"Trend after New Economic Policy in India"},"content":{"rendered":"\n<p> <\/p>\n\n\n\n<p>TRENDS OF INDIAN ECONOMY AFTER <\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nNEW ECONOMIC POLICY<\/p>\n\n\n\n<p>NEW ECONOMY POLICY OF INDIA WAS LAUNCHED IN THE YEAR 1991,\nON 24<sup>TH<\/sup> JULY UNDER THE LEADERSHIP OF P.V. NARASIMHA RAO.<\/p>\n\n\n\n<p>IN 1991 MANMOHAN SINGH AS FINANCE MINISTER, FREED INDIA\nFROM THE LICENSE Raj, source of slow economy growth and corruption in the\nindiaN ECONOMY FOR DECADE. HE LIBERALISED THE INDIAN ECONOMY, ALLOwING IT TO\nSPEED UP DEVELOPMENT DRAMATICALLY. THE GOVERNMENT REDUCE THE IMPORT DUTIES, OPEN\nRESERVED SECTORS FOR THE PRIVATE PLAYERS DEVALUED THE INDIAN CURRENCY TO\nINCREASE THE EXPORT. THIS IS ALSO KNOWN AS THE LPG MODEL OF the GROWTH.<\/p>\n\n\n\n<p>THE NEW ECONOMY POLICY INCLUDED STANDARD STRUCTURAL\nADJUSTMENTS MEASUERS INCLUDING THE DEVALUEATION OF THE RUPEE, INCREASE IN INTREST\nRATES, REDUCTION IN PUBLIC INVESTMENTS AND EXPENDITURE, REDUCTION IN THE PUBLIC\nSECTOR, ETC. <\/p>\n\n\n\n<p>THE THRUST OF THE NEW ECONOMIC POLICY HAS BEEN TOWARDS\nCREATING A MORE COMPETATIVE ENVIRONMENT IN THE ECONOMY AS A MEANS OF IMPROVING\nA PRODUCTIVITY AND EFFICIENCY OF THE SYSTEM. THIS WAS TO BE ACHIEVED BY\nREMOVING THE BARRIERS TO ENTRY AND RESTRICTON ON THE GROWTH OF FIRMS. IT\nINTRODUCED A MEASURE OF STABILITY TO THE ECONOMY.<\/p>\n\n\n\n<p><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nMAIN OBJECTIVES BEHIND THE NEW ECONOMY POLICY 1991 ARE:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>TO PLUNGE THE INDIAN ECONOMY INTO THE\nARENA OF GLOPBALISATION AND TO GIVE IT A NEW THRUST ON MARKEGT ORIENTATION.<\/li><li>IT TENDED TO BRING DOWN THE RATE OF\nINFLATION.<\/li><li>IT ALSO TENDED TO MOVE TOWARDS HIGHER\nECONOMIC GROwTH RATE AND TO BUILD SUFFICENT FOREIGN EXCHANGE RESERVES.<\/li><li>IT WANTED TO ACHIEVE ECONOMIC\nSTABILAZAION AND TO CONVERT THE ECONOMY INTO A MARKET ECONOMY BY REMOVING ALL\nKINDS OF UNNECESARRY RISTRICTIONS.<\/li><li>IT WANTED TO PERMIT THE INTERNATIONAL\nFLOW OF GOODS, SERVICES, CAPITAL HUMAN RESOURCES AND TECHNOLOGY, WITHOUT ANY\nRESTRICTIONS.<\/li><li>IT WANTED TO INCREASE THE PARTICIPATION\nOF PRIVATE PLAYERS IN THE ALL SECTORS OF THE ECONOMY.<\/li><li>IT ENSURES WELLFARE AS ALSO SKILLS AND\nFACILITiES TO THE WORKERS TO UNABLE THEM TO FACE NEW TECHNOLOGIES.<\/li><li>IT ALSO HELPS IN CONTROLING MONOPOLESTIC\nPOWER.<\/li><li>TO ACHIEVE SELF RELIANCE.<\/li><\/ul>\n\n\n\n<p><strong>THE NEW ECONOMY POLICY 1991 BRINGS THE\nPOSITIVE IMPACT OF THE ECONOMY AS: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>GLOBALISATION CREATES GREATER\nOPPORTUNITIES FOR FIRMS IN LESS INDUSTRIALISED CoUNTRIES TO TAP INTO MORE AND\nLARGER MARKETS AROUND THE WORLD.<strong><\/strong><\/li><li>BUSINESS LOCATED IN DEVELOPING COUNTRIES\nHAVE MORE ACCESS TO CAPITAL FLOWS, TECHNOLOGIES,HUMAN CAPITAL, CHEAPER IMPORTS\nAMD LARGER EXPORT MARKETS.<strong><\/strong><\/li><li>LIBEFRALISTAION HAS INHANCED THE FLOW OF\nCAPITAL BY MAKING IT AFFORDABLE FOR BUSINESS TO REACH THE CAPITAL FROM\nINVESTORS AND TAKE A PROFITABLE PROJECT.<strong><\/strong><\/li><li>THE INVESTORS WILL BE BENEFITTED BY\nINVESTING A PORTION OF THEIR BUSINESS INTO A DIVERSIFYING ASSET CLASS. <strong><\/strong><\/li><li>PRIVATEISATION SURELY IS ADVANTAGES FOR\nTHE GROWTH AND SUSTAINABILITY OF STATE OWNED COMPANIES<strong><\/strong><\/li><li>IT HELPS THE PROFIT MAKING PUBLIC SECTOR\nUNITS TO MODERNIZE AND DIVERSIFY THEIR BUSINESS.<strong><\/strong><\/li><li>IT ALSO REDUCED POLITCAL INFLUENCE ON\nDECISION MAKING OF MANAGERS.<strong><\/strong><\/li><\/ul>\n\n\n\n<p>THE THRUST OF THE NEW ECONOMY POLICY\n1991 HAS BEEN TOWARD CREATING A MORE COMPETATIVE ENVIRONMENT IN THE ECONOMY AS\nA MEANS TO IMPROVING THE PRODUCTIVITY AND EFFICIENCY OF THE SYSTEM.<\/p>\n\n\n\n<p>\u00a0\u00a0\u00a0\u00a0 &#8211; <strong>AARUSHI SAXENA BBA, 2<sup>ND<\/sup> YEAR TIAS<\/strong>\u00a0 <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.intraders.org\/news\/ot\/columnwriter\/\">Be Our InTraders\u2019 Author for Free of Registration to InTraders\u2019 Conferences<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"160\" src=\"https:\/\/www.intraders.org\/news\/wp-content\/uploads\/2020\/04\/intraders-journal-768x160.jpg\" alt=\"\" class=\"wp-image-5663\" srcset=\"https:\/\/www.intraders.org\/news\/wp-content\/uploads\/2020\/04\/intraders-journal-768x160.jpg 768w, https:\/\/www.intraders.org\/news\/wp-content\/uploads\/2020\/04\/intraders-journal-768x160-300x63.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption><a href=\"http:\/\/www.intraders.org\">http:\/\/www.intraders.org<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>TRENDS OF INDIAN ECONOMY AFTER &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NEW ECONOMIC POLICY NEW ECONOMY POLICY OF INDIA WAS LAUNCHED IN THE<\/p>\n","protected":false},"author":2619,"featured_media":5983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yst_prominent_words":[4904,4898,4906,4900,4913,4903,4905,4907,4901,813,4911,4908,769,4909,4910,4817,4899,4902,4914,4912],"class_list":["post-5982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ot"],"_links":{"self":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts\/5982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/users\/2619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/comments?post=5982"}],"version-history":[{"count":2,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts\/5982\/revisions"}],"predecessor-version":[{"id":6030,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts\/5982\/revisions\/6030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/media\/5983"}],"wp:attachment":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/media?parent=5982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/categories?post=5982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/tags?post=5982"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/yst_prominent_words?post=5982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}