Q.State any two objectives of the New Economic Policy 1991.

The NEP had several linked objectives spanning the external, fiscal, and industrial-competitiveness fronts.

The New Economic Policy 1991 pursued several linked objectives, including: (1) correcting the balance of payments crisis and rebuilding foreign exchange reserves; (2) reducing the fiscal deficit and controlling inflation; (3) increasing the efficiency, productivity, and competitiveness of Indian industry; (4) integrating the Indian economy with the world economy through freer trade and investment; (5) attracting foreign capital and technology; (6) reducing the public sector's role outside strategic areas; and (7) accelerating economic growth and generating employment. …