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The Industrial Licensing Policy during the Fifth Five-Year Plan period was relaxed primarily to promote which of the following sectors?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Luxury goods industries
2Foreign-owned industries
3Large-scale heavy industries
4Small and medium-scale industries✓

Correct answer

Small and medium-scale industries

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The Industrial Licensing Policy during the Fifth Five-Year Plan period was relaxed primarily to promote which of the following sectors?

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