ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Budget 1997-98 Underlining NEP

The main contours of the new economic policy are the withdrawal of the state from economic activities; the increasing reliance on private capital, especially external capital for development; privatisation of public enterprises and fiscal and monetary policies essentially devised to attract external capital. These policies have not only been continued by the United Front government but have received further emphasis in the Budget 1997-98.

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