Name the three industries which are reserved exclusively for public sector since 2001
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The New Economic Policy (NEP) of India was initiated on July 24, 1991 by then union Finance Minister Dr. Manmohan Singh and Prime Minister P. V. Narasimha Rao. The main motive of this policy was to open the Indian economy for the global exposure. It is worthy to mention that as of now just 5 industries (related to security, strategic and environmental concerns) are left where an industrial license is required.
To cash the profit of the liberalisation and globalisation; the numbers of industries reserved for public sector have also been reduced. During the 2014; private investment in rail infrastructure has also been permitted. Consequently at present just 2 industrial sectors are reserved for the public sector and rest are opened for the private players.
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