INDIAN ECONOMIC POLICY BY NARENDRA MOHAN [HARDCOVER]

Indian economic policy has evolved from a closed, state-controlled system to a more liberalized and globalized market economy, marked by the New Economic Policy (NEP) of 1991 which focused on stabilization and structural reforms like liberalization, privatization, and globalization. More recent policies, such as the Modinomics framework, continue this trend by emphasizing foreign direct investment, a business-friendly environment, and improved infrastructure, though challenges in manufacturing growth and inclusive development persist.