Question

explain the features of economic policy pursued under the planning till 1991​

Answer 1

Answer:

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

Explanation:

The main characteristics of new Economic Policy 1991 are:

1. Delicencing.
2. Entry to Private Sector.
3. Disinvestment.
4. Liberalisation of Foreign Policy.
5. Liberalisation in Technical Area.
6. Setting up of Foreign Investment Promotion Board (FIPB).
7. Setting up of Small Scale Industries

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