Discuss the strengths and weaknesses of Industrial policy 1991

Question

12 Sep 2024

Answer :

Word Count : 276

The Industrial Policy of 1991 was a pivotal moment in India's economic history, marking a significant shift from a protectionist approach to a more liberalized and market-oriented framework.

Strengths:

1. Liberalization: The policy marked a move away from the License Raj system, which had stifled entrepreneurship and growth. By reducing licensing requirements, the policy encouraged ______ ______ _____ __________ ____ ___ ________ ___ _____.
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