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The Government of India announced its new industrial policy 1991 on July 24, 1991, with the goal of correcting the distortions and weaknesses in the country's industrial structure that had developed over four decades, raising industrial efficiency to international levels, and accelerating industrial growth.
The New Industrial Policy, 1991 had the main objective of providing facilities to market forces and to increase efficiency. Larger roles were provided by L – Liberalization (Reduction of government control)
Oct 5, 2016 · The 1991 industrial policy contained the root of the liberalization, privatization and globalization drive made in the country in the later period. The policy has brought changes in the following aspects of industrial regulation: 1. Industrial delicensing. 2. Deregulation of the industrial sector. 3.
Explore the key features and objectives of the New Industrial Policy of 1991 in India. Learn about the policy's focus on liberalization, global competitiveness, foreign direct investment, industrial restructuring, small and medium enterprises, export promotion, and trade reforms.
Aug 9, 2019 · New Industrial Policy During Economic Reforms of 1991. The long-awaited liberalised industrial policy was announced by the Government of India in 1991 in the midst of severe economic instability in the country. The objective of the policy was to raise efficiency and accelerate economic growth. Features of New Industrial Policy
Oct 6, 2017 · New Industrial Policy, 1991. In the backdrop of severe Balance of Payment Crisis of 1991, the Government in continuation of the measured announced during the 1980s announced a New Industrial Policy on July 24, 1991. The new industrial policy was a major structural break for the Indian economy.
In the light of these achievements, Industrial policy (IP) of 1991 renewed its emphasis of removal of poverty and attaining economic justice and building a prosperous India. Towards this end, IP, 1991 emphasized the need to integrate the domestic economy with that of the international economy.
