Question

Critically examine the new industrial policy resolution of 1991

Answer 1

Heya....

New industrial policy of 1991 leads to privatization , globalization , liberalisation....

* It's critical examines are.....

** Loss of small scale industries ..

--->>> It increase the market competition and withdrawal of capitals by small scale industries....

** Lack of domestic opportunities...

--->>> It hacked the best market opportunities for our domestic Industries.....

** High market values....

--->>> It causes inflation and high choices of products leads to cultural erosion...

** Neglect of Agricultural sector....

--->>> The promotion in agriculture sector tends to lack of agriculture sector provisions....

** Urban Concentration of growth ...

--->>> Industries tends to set up in high modern urban areas that leads to great availability of raw materials so they neglect rural development...