UPPSC 2013 General Studies I Solved Paper

(c) The policy of Liberalisation,Privatisation and Globalisation was announced as New Economic Policy by Prime Minister Narsimha Rao. After the Liberalization, Privatization and Globalization in India, the economy of India had undergone significant policy shifts in the beginning of the 1990 s. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model under the then finance minister Dr. Manmohan Singh and PM Narsimha Rao.