Industrial Policy Statement 1991
GPTKB entity
Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:public_policy
|
| gptkbp:abolished |
Industrial licensing for most industries
Phased manufacturing programme |
| gptkbp:aimsTo |
Globalization
Liberalization of Indian economy Privatization |
| gptkbp:allows |
Private sector entry in many industries
|
| gptkbp:announced |
gptkb:Government_of_India
gptkb:Manmohan_Singh gptkb:P._V._Narasimha_Rao 24 July 1991 |
| gptkbp:context |
Economic reforms in India
Balance of payments crisis 1991 |
| gptkbp:effect |
Increase in foreign investment
Expansion of private sector Rapid economic growth in India Integration of Indian economy with global economy Reduction in government control over industry |
| gptkbp:enables |
Disinvestment in public sector units
|
| gptkbp:introduced |
Automatic approval for FDI in certain sectors
|
| gptkbp:promotion |
gptkb:football
Foreign Direct Investment |
| gptkbp:redefined |
Role of public sector
|
| gptkbp:reduces |
Areas reserved for small scale industries
Number of industries reserved for public sector |
| gptkbp:repealedBy |
Monopolies and Restrictive Trade Practices Act (MRTP) restrictions
|
| gptkbp:bfsParent |
gptkb:New_Economic_Policy_(India)
|
| gptkbp:bfsLayer |
8
|
| https://www.w3.org/2000/01/rdf-schema#label |
Industrial Policy Statement 1991
|