Question

What were the various positive effects of policy changes after 1991 to industrial, society and consumers?

Answer 1

After 1991 and at 1993 , the economic trade barriers were removed .This had the following effects -
Consumers - consumers were given a wide range of choices , for clothes , products of daily use ,etc.
and also increase in competition decreased the prices of many products
Industrialists - Industrialists were suffering from a bit competition , this competition forced them to increase the quality of products which they make.
Society - Increase in the investing of MNCs in India made to increase the GDP of our country .

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