What are the negative points in liberalisation of economic policies 1991?
Answers
Answered by
0
The negative points in Liberalisation are:
1. Abolition of industrial licensing
According to policy, Industrial licensing was abolished for almost all products except for some industries which are of strategic importance for a nation like alcohol, cigarettes, hazardous chemical, explosives, aerospace, drugs and pharmaceuticals.
2. Decrease in the role of public sector
3. Dereservation of production by small scale industries.
4. Price determination by market forces.
5. Import of capital goods.
1. Abolition of industrial licensing
According to policy, Industrial licensing was abolished for almost all products except for some industries which are of strategic importance for a nation like alcohol, cigarettes, hazardous chemical, explosives, aerospace, drugs and pharmaceuticals.
2. Decrease in the role of public sector
3. Dereservation of production by small scale industries.
4. Price determination by market forces.
5. Import of capital goods.
Similar questions