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Question : Which industry was delicensed and allowed for automatic approval of foreign direct investment (FDI) in the 1991 economic policy?

 

Option 1: Telecom

Option 2: Aviation

Option 3: Banking

Option 4: Information technology


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Information technology


Solution : The correct answer is (d) Information technology

The industry that was delicensed and allowed for automatic approval of foreign direct investment (FDI) in the 1991 economic policy isInformation technology

The liberalization of the information technology sector in 1991 allowed for automatic approval of foreign direct investment. This policy change played a significant role in attracting foreign companies and investments into the Indian IT sector. It led to the growth of the IT industry, the establishment of software parks and special economic zones, and the emergence of India as a global IT hub

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