Economics · Economic Reforms in India
Under the industrial and economic reforms in India, the concept of an 'exit policy' for industries was primarily designed to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Abolish all existing export subsidies provided to domestic manufacturing units.
- 2Permit sick or unviable business firms to close down operations and reallocate resources smoothly.✓
- 3Provide permanent legal protection and subsidies to loss-making Public Sector Undertakings (PSUs).
- 4Allow multinational corporations free entry into the domestic consumer market.
Correct answer
Permit sick or unviable business firms to close down operations and reallocate resources smoothly.
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