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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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What are the objectives of New Industrial Policy?

Solution

The main objectives of new industrial policy are:

(i) To generate more employment opportunities.

(ii) To render public sector profitability.

(iii) To grant more freedom to private sector.

(iv) To maintain continuity and increased production.

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

What is liberalisation?

What is privatisation?

What is the meaning of globalisation?

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

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.

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