give geographical reason of development of industries and a boost to industrialization is experienced in India
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Answer:
The year 1991 ushered a new era of economic liberalisation. India took major liberalisation decision to improve the performance of the industrial sector.
Abolishment of the Industrial Licensing.
Simplification of the procedures and regulatory requirement to start a business.
Reduction in the sector exclusively reserved for the Public sector.
Disinvestment of the selected Public-sector undertakings.
Foreign investors were allowed to invest in the Indian firms.
Liberalisation of the trade and exchange rate policies.
Rationalisation and massive reduction in the structure of Customs Duties.
Reduction in the excise duties.
Reduction in the Income and Corporate taxes to promote Business.
To analyse the impact of these reforms measures on the industrial growth, it is better to divide the period into two