India announced the NEP in 1991. NEP stands for _________ .​

Correct option is A

• NEP stands for New Economic Policy. 
• The Government of India announced the NEP in 1991 to promote economic growth and open up the Indian economy to foreign investment.
•  The NEP was a significant shift in India's economic strategy and is often referred to as the Liberalization, Privatization, and Globalization (LPG) reforms.