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To learn about the merits and demerits of India's industrial policy of 1991, check out this link: http://www.yourarticlelibrary.com/policies/major-objectives-of-indias-new-industrial-policy-1991/23441/

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9y ago
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8mo ago

The Industrial Policy of 1991 in India aimed to liberalize the economy by reducing government intervention and promoting private sector growth. Merits include increased foreign investment, modernization of industries, and improved competitiveness. Demerits include challenges for small-scale industries, widening income inequalities, and environmental concerns due to unchecked industrialization.

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Q: What are the merits and demerits of industrial policy 1991?
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