1. Features and Appraisal of New Economic Policy
By:-
Dr Tulsi Raman Sharma
Dept of Economics
GDC Theog

2. Features and Appraisal of New Economic Policy
Meaning
New Economic policy or economic reform consists of all the policy measures and changes undertaken after July 1991.the main objective of the economic reforms is to increase productivity efficiency and improve the competitive environment in the economy

3. Parts and division of New Economic Policy
Industrial Policy
Foreign Investment Policy
Foreign trade or Export-Import Policy
Structural policies (To strengthen the supply side of the economy)
Fiscal Policy
Monetary Policy
Stabalization policy (To control demand side )

4. Features of New Economic Policy
Liberalization
Privatization
Globalization

5. Meausre taken Liberalization Relicensing Relaxation of MRTP Act
Competition Act(2002)
Freedom to enhance capacity and produce new goods
Replacing FERA with FEMA
Freedom to import technology and raw material
Simplification of Tax System (both direct and indirect taxes)
Banking Sector Reforms
Reforms in capital Market.
Meausre taken

6. Privatisation Privatisation Downsizing public sector Disinvestment
MOU Policy
National Investment Fund
National Renewal Fund
Stress on Private Sector Investment
Ease of doing buissness
Privatisation

7. Globalisation Globalization Export Promotion Reduction in Tariffs
Increase in Foreign Investment (FDI and FII)
Partial Convertibility of rupee
Liberal Foreign Trade Policy
Globalization

8. Modernization Improvement in Technology New methods of Production
Brand Development
Skill Enhancement
Modernization