Correct option is C
The correct answer is: (c) To promote small-scale industries
Explanation:
The Industrial Policy of 1991 was aimed at liberalising the Indian economy, encouraging private participation, and boosting small-scale industries. It focused on
The Industrial Policy of 1991 was aimed at liberalising the Indian economy, encouraging private participation, and boosting small-scale industries. It focused on
reducing licensing and supporting entrepreneurship, especially in small and medium enterprises.
Information Booster:
Announced on 24 July 1991 by Dr. Manmohan Singh under PM P.V. Narasimha Rao.
Introduced Liberalisation, Privatisation, and Globalisation (LPG) reforms.
Allowed foreign direct investment (FDI) in many sectors.
Reserved certain products for small-scale industries (SSI) to protect them.
Marked a shift from state-controlled economy to market-driven economy.
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