The Industrial Policy of 1991 led to:
Abolishing industrial licensing for most industries
The New Industrial Policy of 1991 launched the era of Liberalisation, Privatisation and Globalisation (LPG) in India.
A central measure was the abolition of the industrial licensing system (the "Licence Raj") for most industries, leaving only a small list of industries (such as those related to security, strategic and environmental concerns) still requiring a licence.
The policy expanded, rather than reduced, private-sector participation and reduced the number of industries reserved for the public sector, so it did not nationalise industries or create public-sector monopolies.
Hence, the Industrial Policy of 1991 led to abolishing industrial licensing for most industries.
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Unemployment arising due to mismatch between Job availability in the market and skills of available worker is called?
In India, which of the following is NOT an objective of the National Manufacturing Policy?
Which of the following is NOT an aid or auxiliary to trade?
Who released a special stamp entitled ‘Wheat Revolution’ in July 1968?
Effect of The Industrial Policy, 1956 on industries was .
