Appraisal of new economic policy
Solution:
Appraisal of NEP means merits and demerits of this policy in Indian economy.
Merits of New economic policy:
1. NEP creates growth in economy that is visible through GDP growth.
2. Great growth in IT sector of India and that is visible by global recognition.
3. Increase in foreign exchange reserves and more foreign reserves create more confidence of foreign investors in Indian economy.
Demerits of New economic policy:
1. Neglect agriculture growth as rise in GDP is mostly marked by secondary and tertiary sector.
2. Foreign investment, more industries all this somewhere cater till urban areas there was no substantial growth in rural areas.
3. Because of more brands consumers are buying branded products on borrowing and this leads to vulnerability of households as consumers.
Appraisal of NEP means merits and demerits of this policy in Indian economy.
Merits of New economic policy:
1. NEP creates growth in economy that is visible through GDP growth.
2. Great growth in IT sector of India and that is visible by global recognition.
3. Increase in foreign exchange reserves and more foreign reserves create more confidence of foreign investors in Indian economy.
Demerits of New economic policy:
1. Neglect agriculture growth as rise in GDP is mostly marked by secondary and tertiary sector.
2. Foreign investment, more industries all this somewhere cater till urban areas there was no substantial growth in rural areas.
3. Because of more brands consumers are buying branded products on borrowing and this leads to vulnerability of households as consumers.