The document discusses India's industrial policies from 1948 to 1991. It outlines the objectives of industrial policies, which include achieving industrial development, economic growth, and making India self-sufficient. The 1991 policy aimed to make India more competitive globally by deregulating industries, promoting small enterprises, and attracting foreign investment. The key changes introduced in 1991 were related to industrial licensing, foreign investment, technology agreements, and the role of public sector industries.