Tag: state restructuring

How did the New Economic Policy of 1991 transform India’s developmental trajectory, and what have been its political, economic, and social implications within the broader context of globalization and state restructuring?

~ Polity Prober

The New Economic Policy of 1991 and the Transformation of India’s Developmental Trajectory: Political, Economic, and Social Implications in the Age of Globalization The New Economic Policy (NEP) of 1991 marked a paradigmatic turning point in India’s developmental trajectory. Conceived in the wake of a severe balance of payments crisis, the policy package of liberalization, … Continue reading How did the New Economic Policy of 1991 transform India’s developmental trajectory, and what have been its political, economic, and social implications within the broader context of globalization and state restructuring?