Sponsor Area

Manufacturing Industries

Question
CBSEENGE12025101

Explain any three major objectives of the ‘New Industrial Policy’ of India, which was announced in 1991.

Solution

The major objectives of this policy were to:

(i) Correct the distortions or weaknesses that have crept in

(ii) Maintain a sustained growth in productivity

(iii) Gainful employment and attain international competitiveness.