+ve impact is that the India has continuously maintained average high growth rate than was in 1991 of GDP 0.9%
secondly it has -ve impact of inflation that is consumer price index has been increased continuosly
See, the impact has been fairly beneficial and visible. It has enabled India reach new heights and develop its economy to a great extent. The era before the policy was introduced had been facing economic stagnation, increasing "balance of payment" crisis and other potholes. So, the LPG which was introduced as a part of NEP opened the Indian economy to the world leading to increasing foregin capital, technology and trade inflows in the country. Now the people have been enjoying better times. But, the benefit of the policy is limited only to certain well-to-do sections of the society.
what changes made in 1991 regarding industry
there are no any relevant tax policy that i am aware of. nigeria is still pursuing the formulation of a tax policy
Monetary policy can have an impact of inflation. The ideal state of the economy is a balance between inflation and unemployment at 4.3% which is only seen in a wartime economy.
No economic growth or development, foreign exchange reserve and impact on the monetary policy.
define how you measure the size of the economy
how does monetary policy measure each impact of management
No, a mixed economy is basically a market economy with regulations and industrial policy.
India opted for mixed economy in this policy.
fiscal policy of indian economy
there are no any relevant tax policy that i am aware of. nigeria is still pursuing the formulation of a tax policy
it helped russias weak economy to recover
Monetary policy can have an impact of inflation. The ideal state of the economy is a balance between inflation and unemployment at 4.3% which is only seen in a wartime economy.
J. A. Lombard has written: 'Government participation in the South African economy' -- subject(s): Economic policy, Industrial policy 'On economic liberalism in South Africa' -- subject(s): Economic policy, Free enterprise, Industrial policy
It helped Russia's weak economy to recover.
Joseph J. Cordes has written: 'The impact of tax and financial regulatory policies on industrial innovation' -- subject(s): Economic policy, Industrial Research, Research, Industrial 'Encyclopedia of Taxation & Tax Policy'
It helped Russia's weak economy to recover
The policy of the British Government was against encouraging industrial development in India. No incentives were offered to Indian industries for their growth. There were many desired and undesired hurdles placed in the way of the growth of Indian industry. Whatever industrial development took place in India was in spite of the negative and hostile attitude of the British Government .
No economic growth or development, foreign exchange reserve and impact on the monetary policy.