New Economic Policy Framework — Policy Reforms

Entry	Year	Description	Impact
73rd Amendment	1992	Provided constitutional status to Panchayati Raj institutions, enabling decentralized economic planning and implementation of development programs at grassroots level	Facilitated bottom-up economic development and ensured rural participation in economic policy implementation, supporting inclusive growth objectives of the New Economic Policy Framework
74th Amendment	1992	Constitutionalized urban local bodies, providing framework for urban economic development and municipal governance in the liberalized economy	Enabled cities to become engines of economic growth, supporting urbanization trends and infrastructure development goals of the economic policy framework