Question

differentiate between new industrial policy 1991 and old industrial policy 1956​

Answer 1

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Answer 2

Answer:

"New industrial policy-1991 is basically based on the economic reformation, and liberalization, privatization and globalization are the main focuses of the new industrial policy.

The growth of the private sector and participation in small scale industries are encouraged by the new policy.

On the other part, old industrial policy-1956 was based on the social improvement and it provided more powers to the governmental machinery."