19. Industrial sector reforms under the New
Economic Policy (NEP) comprised which of the
following? *
O
Abolition of industrial licencing
O De-reservation of production areas
O Contraction of public sector
O All of these
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The New Industrial Policy established in 1991 sought substantially to deregulate industry so as to promote growth of a more efficient and competitive industrial economy. The central elements of industrial policy reforms were as follows: Industrial licensing was abolished for all projects except in 18 industries.
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