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Industrial policy 1991 in Hindi | features of industrial policy 1991 |UPSC |UGC NET.


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main features of new industrial policy 1991 Video Explained all about industrial policy1991👇

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1.About Industrial Policy 1991.
After Independence, India Adopted The Socialist Pattern Of Economic Growth Where Majority Of The Industries Are Own By Government.

However, The Public Sector Industries Became Inefficient And The Government Faced The Burden Of Losses.

Therefore On July 24 1991, Govt. Of India Announced Its New Industrial Policy With An Aim To Improve Industrial Growth As Previews Licensing Policies And Regulation Which Is Responsible For Lower Industrial Growth Rate.

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2.Objectives Of New Industrial Policy 1991.

-The new industrial policy resolution 1991 aimed at liberalizing the regulations and license controls of the industrial sector to improve economic growth rate.

-It aimed to increase the support to Micro Small and Medium Enterprises (MSMEs).

-To reduce the losses of public sector enterprises and make them profitable.

-To ensure Rapid industrial development by increasing the competitiveness of industries and to ensure inclusive economic development.

-To provide incentives for setting industries in the backward areas.

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3. Salient features of industrial policv 1991.