Economics · Industrial Reforms
What was the primary objective behind enforcing Phased Manufacturing Programmes (PMP) in various Indian engineering and electronic industries prior to their abolition in 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To subsidize the import of raw electronic components
- 2To promote small-scale cottage sector monopolies
- 3To maximize foreign exchange inflows through exports
- 4To accelerate the pace of indigenisation in manufacturing✓
Correct answer
To accelerate the pace of indigenisation in manufacturing
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