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The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.
The reform policies introduced after 1991 removed many economic restrictions. Industrial licensing was abolished for almost all product categories, except for alcohol, tobacco, hazardous chemicals, industrial explosives, electronics, aerospace and pharmaceuticals.
Drugs and Pharmaceuticals (according to Drug Policy) Entertainment electronics (VCR, Color TV, CD player, tape recorder) White goods (domestic refrigerators, domestic dishwashing machines, programmable domestic washing machines, microwave ovens, air conditioners)
Another key prospect of the 1991 policy was to end "red-tapism" which was known as Industrial licensing, wherein the requirement to get a license to start a private sector industry was abolished. Thereby, cutting down unnecessary delays in establishing an industrial unit by any private entity. [7]
The 1991 Indian economic crisis was an ... and streamline industrial policy." ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; ...
The College Football Playoff can do this the hard way or the easy way. The selection committee is hoping for a paint-by-numbers Sunday that sees no changes from the penultimate rankings and, most ...
In 1991–2001, ₹197752.0 million were implemented in industrial projects. After 1991, the Central Government gave much control to the state government. After 1991, industries which are exempt from industrial licensing, had to file an Industrial Entrepreneur Memoranda (IEM) with Secretariat of Industrial Approvals (SIA).
With three weeks left in the 2024 NFL regular season, it seems likely that at least a few records will be broken. Keep an eye on these marks.