Question

Discuss the industrial policy of 1991. How is it different from earlier policies?

Solution

Industrial policy 1991 aimed at privatisation, globalisation and liberalisation of the economy. It is different from previous policies because it assigns more importance to private sector, stressing on delicensing, disinvestment and reduces restrictions on imports.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

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Liberalisation, Privatisation And Globalisation : An Appraisal

Discuss the industrial policy of 1991. How is it different from earlier policies?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

What does foreign direct investinent mean?

What does fiscal deficit indicate?

How did the government promote exports before 1991?

When was new economic policy adopted?

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