New Economic Policy (NEP) or the economic reforms package was injected in the Indian economy 1991. A controversy is tabled for discussion even today as to thwther the NEP is enhthusiastically acceptable to Indian farmer, the rural petty manufactures and the class of craftsmen? As a founder member of GATT now WTO, India formally accepted it and took to for granted that Indian Farmers and rural industry-men would be, by and large. Gainers. Finally the Uruguay ...