The correct answer is D. Industrial Policy Statement – 1991.
The Industrial Policy Statement of 1991 was not a correct combination because it was not a separate document. It was part of the New Industrial Policy, which was announced in July 1991. The New Industrial Policy was a major shift in India’s economic policy, and it led to a number of changes in the way that industry was regulated.
The Industrial Policy of 1948 was the first major policy statement on industry in India. It was based on the principles of planning and self-reliance, and it aimed to promote the development of a strong and independent industrial base. The Industrial Policy Statement of 1977 was a revision of the 1948 policy. It was based on the principles of socialism and self-reliance, and it aimed to promote the development of a mixed economy. The Industrial Policy Statement of 1980 was a further revision of the 1948 policy. It was based on the principles of liberalization and deregulation, and it aimed to promote the development of a market-oriented economy.
The New Industrial Policy of 1991 was a major shift in India’s economic policy. It was based on the principles of liberalization, deregulation, and globalization, and it aimed to promote the development of a market-oriented economy. The New Industrial Policy led to a number of changes in the way that industry was regulated. These changes included the removal of licensing requirements, the reduction of tariffs, and the opening up of the economy to foreign investment.