The New Economic Policy (NEP) was an economic policy of the Soviet Union from 1921 to 1928. The policy aimed to reintroduce a measure of stability to the economy and allowed the Soviet people to recover from years of war, civil war, and governmental mismanagement. The key features of the NEP include:

• Return of private ownership: Most agriculture, retail trade, and small-scale light industry were returned to private ownership and management while the state retained control of heavy industry, transport, banking, and foreign trade.

• Reintroduction of money: Money was reintroduced into the economy in 1922 (it had been abolished under War Communism) .

• Peasant land ownership: The peasantry were allowed to own and cultivate their own land, while paying taxes to the state.

In India, the New Economic Policy of 1991 was introduced to address the economic challenges faced by the country. The policy aimed to promote growth, efficiency, and global integration, and brought major reforms in various sectors, including industry, trade, and finance. The key features of the policy include:

• Economic liberalization: The policy shifted from a closed and controlled economy to an open and liberalized one, with a focus on attracting foreign investment and encouraging private entrepreneurship.

• Reduction of taxes: Taxes were reduced to expand the economic wings of the country.

• Deregulation of markets: The policy included deregulation of markets or opening the markets for private and foreign players.

In summary, the main features of the New Economic Policy include the return of private ownership, reintroduction of money, and peasant land ownership in the Soviet Union, while in India, the policy focused on economic liberalization, reduction of taxes, and deregulation of markets.