Question

Why did the government in 1990s allow private industries in many areas which were earlieer restricted only to government

Answer 1

Answer:After independence our country suffered from poverty and lack of infrastructure at that time literacy rates, Per capita income,Gross Enrolment ratio was low and the government decided to step in and provide all services to the people

Explanation:At the time of liberalisation our country had achieved rapid industrial growth and Human Development index went up.Private entrepreneurs decided to set up companies.This trend continued and government felt that it was time to compete globally and allowed private sector to take over enterprises which were earlier under the government