The scope of the private sector has been enormously expanded
Public sector has been withdrawing partially or fully from several of the enterprises by divestment
The Indian industry is increasingly exposed to foreign competition
Monopoly or dominant position for public sector in most of the industries and control of the commanding heights of the economy by the public sector
Answer is Right!
Answer is Wrong!
The correct answer is D.
The salient features of the industrial policy developments since 1991 are:
- The scope of the private sector has been enormously expanded.
- Public sector has been withdrawing partially or fully from several of the enterprises by divestment.
- The Indian industry is increasingly exposed to foreign competition.
- The government has adopted a policy of liberalization, deregulation, and globalization.
- The government has also adopted a policy of encouraging foreign direct investment (FDI).
- The government has also adopted a policy of promoting exports.
Option D is not a salient feature of the industrial policy developments since 1991 because the government has not adopted a policy of monopoly or dominant position for public sector in most of the industries. In fact, the government has adopted a policy of divestment of public sector enterprises.
The government has adopted a policy of liberalization, deregulation, and globalization in order to promote economic growth and development. The government has also adopted a policy of encouraging foreign direct investment (FDI) and promoting exports. These policies have helped to improve the performance of the Indian economy.