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...Unit new economic policy structure objectives introduction need for ecoaornic nature and scope of liberalisation reform the public sector privatisation globalisation progress problems in implementation an ssessmint conomic let us sum up key words answers to check your terminal questions after studying this you should be able explain describe state progr s make assessment theearlier policies expansion created inefficient which incurred losses a system licensing controls resulted inhibiting investment by private also discouraging foreign into country thus there was review ecoltomic followed during first three decades development with view improving growth efficiency as result government initiated will study iu he highlighted made under leadership late prime minister jawaharlal nehru had prohded i big role establishment heavy basic industries ii via erection hydro electric power proj ts irrigation dams roads communication iii creation social infrastructure form schools colleges universiti...