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Question : The 1991 economic policy aimed to promote industrial growth and competitiveness through:

 

Option 1: Protectionist trade policies

Option 2: State control over industries

Option 3: Technological upgradation and modernization

Option 4: Export restrictions


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Technological upgradation and modernization


Solution : The correct answer is (c) Technological upgradation and modernization

The 1991 economic policy in India aimed to promote industrial growth and competitiveness through technological upgradation and modernization. The policy recognized the importance of adopting advanced technologies, improving productivity, and enhancing the quality of goods and services to compete effectively in the global market.

The focus on technological upgradation and modernization aimed to enhance the competitiveness of Indian industries by improving their production processes, product quality, and cost-efficiency. It also aimed to promote innovation and the development of new products and services.

 

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