Question

Not a feature of New Economic Policy

• A. Privatisation
• B. Liberalisation
• C. Socialisation
• D. Globalisation

Answer 1

Answer:

C. Socialisation

The policy is built entirely around the LPG model:

• Liberalization: Abolishing the "License Raj", reducing industrial licensing, and lifting unnecessary government restrictions on private businesses.

• Privatization: Reducing government ownership and control, and increasing private sector participation in state-run enterprises.

• Globalization: Integrating the Indian economy with the world through lower import tariffs, currency devaluation, and encouraging Foreign Direct Investment (FDI). [1, 2, 3, 4, 5]