Business Environment -
GOI Economic Policy Changes Since 1991
Question: Explain the changes initiated by the government of India since 1991?
Answer: Following changes have been observed since 1991:
⒈ New industrial policy
⒉ New trade policy
⒊ Fiscal reforms
⒋ Monetary reforms
⒌ Capital market reforms
1. New industrial policy
A. Government has begun disinvesting in public sector undertaking
B. There are new schemes to attract foreign direct investment (FDI).
C. There is promoting clearance of foreign investment proposals.
D. Tax concession is given to units in special economic zones (sezs).
E. There is broadband facility in telecom sector
E. Abolition of industrial registrations scheme.