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Which of the following is not the salient feature of the industrial policy developments since 1991 ?

Which of the following is not the salient feature of the industrial policy developments since 1991 ? Correct Answer Monopoly or dominant position for the public sector in most of the industries and control of the commanding heights of the economy by the public sector.

The New Industrial Policy does away with licensing for all major industries, irre­spective of the investment level, proposes liberal foreign investment, dispenses with MRTP clear­ances but curbs unfair trade practices, and empha­sizes technological up-gradation.

While allowing a greater role for the private sector, it vests the Government with necessary control in key areas of industry as per the Industrial Policy Resolution of 1956.

  

Salient Features Of Industrial policy developments since 1991:

  • Liberalization of the economy
  • Enhancing employment opportunities
  • Encouraging foreign investment and collaboration
  • Making the public sector more competitive and efficient
  • Withdrawal of government restrictions by modifying the MRTP Act
  • Encouraging the private sector
  • Divestment of Public Sector Undertaking (PSU's)

Thus, option 4 is not a salient feature of Industrial Policy Development since 1991.

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