When was the cement industry in India totally decontrolled?

Correct option is B

The correct answer is (b) 1991.
· The cement industry in India was totally decontrolled in 1991.
Information Booster:
Historical Background:
· The cement industry in India was subjected to control measures and regulations since its establishment.
· Initially, the industry faced heavy government intervention in production, pricing, and distribution.
Phased Decontrol:
· The decontrol process began in a phased manner starting from 1977.
· Partial decontrol was implemented with the aim to encourage competition and efficiency.
Complete Decontrol in 1989:
· In 1989, the Indian government completely decontrolled the cement industry.
· This meant the removal of price and distribution controls, allowing market forces to determine prices.
Impact of Decontrol:
· Increased Production: Post-decontrol, there was a significant increase in cement production due to improved efficiency and competition.