Question

Which policy was introduced to support private industries as part of the industrial reforms in 1991?

• A. Ban on foreign companies in India
• B. Abolition of industrial licensing for most sectors
• C. Creation of exclusive public sector enterprises
• D. Limitation on industrial growth in urban areas

Answer 1

Answer:

B. Abolition of industrial licensing for most sectors

As part of the industrial reforms in 1991, the Government of India abolished industrial licensing for most sectors, facilitating the growth of private industries in the country. As part of the industrial reforms in 1991, the Government of India abolished industrial licensing for most sectors, facilitating the growth of private industries in the country