Economics · Industrial Reforms Policy, 1991
Which of the following major structural changes was introduced regarding the public sector under the New Industrial Policy of 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The public sector was given exclusive rights over the entire consumer goods industry
- 2All existing public sector enterprises were fully privatized overnight
- 3Private sector participation was completely banned in core heavy industries
- 4The number of industries reserved exclusively for the public sector was significantly reduced✓
Correct answer
The number of industries reserved exclusively for the public sector was significantly reduced
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