Which of the following is not the salient feature of the industrial policy developments since 1991 ?
Granting a monopoly or dominant position to the public sector to control the commanding heights of the economy was a hallmark of the pre-1991 Industrial Policy Resolution of…
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Which of the following is not the salient feature of the industrial policy developments since 1991 ?
Answer and explanation
Correct answer D
Granting a monopoly or dominant position to the public sector to control the commanding heights of the economy was a hallmark of the pre-1991 Industrial Policy Resolution of 1956, not the post-1991 reforms. The New Industrial Policy of 1991 dismantled public sector monopolies through delicensing, disinvestment, private sector expansion, and openness to foreign competition.
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UGC NET Commerce