what are the arguments in favour of new economic policy
New Economic Policy (NEP) was introduced in the year 1991. Liberalisation, privatisation and globalisation were the element of this policy. Under this reforms were introduced in all spheres of economy, namely, agriculture, industry, finance, trade and investment and foreign exchange.
For the arguments in favour and against, refer to the link below and scroll down to 'positive' and 'negative' impacts of economic reforms.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/economics/indian-economic-development/unit-iiliberalisation-privatisation-and-globalisation-an-appraisal/442_2485_6377#slide1_Economic Reforms in India– Critical Appraisal
For the arguments in favour and against, refer to the link below and scroll down to 'positive' and 'negative' impacts of economic reforms.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/economics/indian-economic-development/unit-iiliberalisation-privatisation-and-globalisation-an-appraisal/442_2485_6377#slide1_Economic Reforms in India– Critical Appraisal