Why were economic reform introduce in 1991
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The economic reforms aimed at rapid industrialization. For this, the abolition of industrial licensing, allowing foreign investment, encouragement to the private sector and coexistence of public sector and private sector were taken by the government
MARK AS BRAINLIEST.
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The New Industrial Policy established in 1991 sought substantially to deregulate industry so as to promote growth of a more efficient and competitive industrial economy. ... Areas reserved for the public sector were narrowed down and greater participation by private sector was permitted in core and basic industries.
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