Economics · Industrial Reforms
The 'exit policy' introduced under industrial reforms in India was primarily designed to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Allow multinational corporations to enter domestic markets without regulatory checks
- 2Provide legal protections and indefinite funding to loss-making Public Sector Undertakings (PSUs)
- 3Permit sick or unviable firms to close operations and restructure smoothly✓
- 4Remove all export subsidies on domestic labor-intensive manufacturing industries
Correct answer
Permit sick or unviable firms to close operations and restructure smoothly
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