Question

In which year India made new policy for Industries​

Answer 1

Answer:

$\large\mathbb{\underbrace\purple{ANSWER}}$

1991

In the backdrop of severe Balance of Payment Crisis of 1991, the Government in continuation of the measured announced during the 1980s announced a New Industrial Policy on July 24, 1991. The new industrial policy was a major structural break for the Indian economy.

Answer 2

Explanation:

24 July 1991

On 24 July 1991, the government had announced a Statement of Industrial Policy, substantially reducing the requirement for industrial approvals and constricting the so-called licence raj.