2. Industrial policy
Main aims
• Liberalization
• Globalization
• Privatization.
it was announced by narasimha rao former
prime minister(1991).
3. Liberalization
Means, dismantle the excessive framework,
allow freedom to the firms.
later a new system came-
license permit control raj
Aim-to save new entrepreneur the unnecessary
harassment of seeking permission from the
bureaucracy to start an undertaking.
4. • Main purpose of l iberalization,
free a large private corporate sector from
bureaucratic control and MRTP limit had
become irrelevant 4 big
business(petrochemical,electronics.)
