Question

What was one of the main goals of the Industrial Policy after 1991?

• A. To restrict foreign investment
• B. To nationalise all banks
• C. To promote small-scale industries
• D. To close all private companies

Answer 1

Answer:

C. To promote small-scale industries

One of the main goals of the Industrial Policy after 1991 was to promote small-scale industries. The New Industrial Policy of 1991 sought to liberalize the Indian economy, reduce government control over industries, and encourage private and foreign investment. The other main objectives of the new industrial policy 1991 are: Relieving the country from regulations like licenses and controls. Providing support to the small scale sector. Increasing the competitive culture among the industries to benefit the public at large.