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Indian Economy 1950-1990

Question

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What are the objectives of New Industrial Policy?

Solution

The main objectives of the New Industrial Policy are as follows:

1. To correct weaknesses that may have crept in the industrial strcucture as it has developed over the last four decades.

2. To consolidate the strengths built up during the last four decades of economic planning and to build on the gains already made.

3. To maintain a sustained growth in the productivity and gainful employment.

4. To attain international competitiveness.

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