New Economic Policy 1921 influence.

Q. The New Economic Policy - 1921 of Lenin had influenced the policies adopted by India soon after independence. Evaluate.

Answer:

The New Economic Policy (NEP) was a set of economic reforms introduced by Lenin in the Soviet Union in 1921, after the Russian Revolution. The NEP was a temporary measure that aimed to restore and revitalize the Soviet economy after the devastation of World War I and the civil war. The NEP allowed for some elements of a market economy, such as private enterprise and trade, while maintaining state control over key industries and the means of production.

It is not accurate to say that the NEP influenced the policies adopted by India soon after independence. India's economic policies after independence were shaped by a variety of factors, including the country's own history, culture, and political circumstances. India's economic policies were also influenced by the ideas of Mahatma Gandhi, who advocated for a self-sufficient, decentralized economy based on village industries and small-scale production.

India adopted a mixed economy model after independence, with a combination of state ownership and control of key industries, as well as private enterprise and foreign investment. The country's economic policies were aimed at promoting rapid industrialization and economic development, while also addressing issues of poverty and inequality. India's economic policies were not directly influenced by the NEP, but the country did adopt some elements of socialist economic planning, such as the Five-Year Plans, which were inspired by the Soviet model.