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Mention the objective of the new industrial policy,1991 of india and the role of globalisation in achieving this objective

Posted by Apee Sharak 4 years, 11 months ago

CBSE > Class 12 > Geography

2 answers

Naman Bhatnagar 4 years, 11 months ago

access to capital market open trade abolish industrial linceing policy foreign investment foreign policy abolition on phase manufacturing programme liberal manufacturing programme

1Thank You

Gaurav Seth 4 years, 11 months ago

Major objectives of the New Industrial Policy 1991 :-

i. To build on the gains already made,

ii. Correct the distortions or weakness that have crept in.

iii. Maintain a sustained growth in productivity.

iv. Gainful employment and attain international competitiveness.

Role of Globalisation:-

(1) opening of the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economies activity in India

(2) removing restrictions and obstacles to the entry of multinational companies in India.

(3) allowing Indian companies to enter into foreign collaboration in India and also encouraging them to set up joint ventures abroad.

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