Impact of industrial policy after 1991 on the growth of industries in india
Answers
India began liberalizing its economy with the objective of making Indian industries more efficient and globally competitive. Since the early eighties, various attempts have been made to liberalize the industrial policy framework. The new industrial policy of 1991 has entirely liberalized the industrial policy itself.
Development in India could not reach in according to its need , s..o to increase their efficiency,development,and technological level Industrial Policy had been declared.
Its impacts are:
1. Liberalisation of industrial license system.
2. Welcoming of foreign capital.
3. Facility of technical items.
4. Exemption to the industrial structure from several unnecessary government controls.
5. Safegaurding the interest of workers.
6. Aiming to make indian industry more competitive at national and international level.
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