Question

Explain the features of economic policy pursued under planning till 1991?(6)​

Answer 1

Explanation:

It refers to integration of various economies of world. Till 1991 Indian government was following strict policy in regard to import and foreign investment in regard to licensing of imports, tariff, restrictions, etc. ... (i) Import Liberalisation. Government removed many restrictions from import of capital goods.

Answer 2

Answer:

Liberalisation refers to end of licence, quota and many more restrictions and controls which were put on industries before 1991. Indian companies got liberalisation in the following way: (a) Abolition of licence except in few. (b) No restriction on expansion or contraction of business activities.

Explanation:

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