Economics · Economic Reforms
The 'exit policy' under industrial reforms was designed to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Allow MNCs to easily enter the domestic market
- 2Legally protect loss-making PSUs from closure
- 3Permit firms to close unviable operations and retrench surplus labour under guidelines✓
- 4Remove subsidies on export-oriented industries
Correct answer
Permit firms to close unviable operations and retrench surplus labour under guidelines
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