No products in the cart.

What are the features of economic …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

What are the features of economic policy pursued under planning till 1991
  • 1 answers

Yogita Ingle 5 years, 6 months ago

Following are the features of economic policy in 1991
- Dependence on public sector There were 17 industries reserved for public sector as against 12 industries for private sector.
- Inward looking trade strategy Substituting foreign goods with the local goods so that more local goods could be sold.

- Controlled development of private sector License from Government was required in order to establish a new private firm

- Protection to small scale industries Priority to small-scale industries was given, a certain type of products were made by small scale industries so that they do not go out of the market.- Self sufficiency in food grains  Agricultural industry was commercialized and India became self-sufficient in making their own food products.- Diversification of industriesOther than jute, tea and cotton other goods were also made like electricity, automobiles etc.

https://examin8.com Test

Related Questions

Two types of marke diagram and explanation
  • 0 answers
What is deficit ?
  • 1 answers
Explain the limitation of GDP as wellfare
  • 1 answers
Economic Reforms Since 1991 notes
  • 0 answers
Economics project on function of RBI
  • 0 answers
What is receipt?
  • 0 answers
Trends in credit availability
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App