Question

1. Describe the Industrial Policy 1991, towards the public sector.
2. What was the role of the public sector before 1991?


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Answer 1

Explanation:

Government of India introduced four major reforms in the public sector in its new Industrial Policy, 1991. ... In 1991, only 8 industries were reserved for the public sector, they were restricted to the areas of atomic energy, arms and ammunition, defense, mining, and railways.

Units of electric power, natural gas, petroleum, etc were set up in public sector as these units required a larger base to function economically which was possible only with government resources and mass production. ...